Billionaire Ken Fisher’s 10 Technology Stock Picks with Huge Upside Potential explores NVIDIA Corporation (NASDAQ:NVDA) and its position in the tech sector.
Market Volatility in 2025
In 2025, technology stocks experienced significant volatility due to President Donald Trump’s stringent trade policies. On April 3, tech shares faced their steepest drop since the pandemic, as Trump imposed tariffs on all imports, including a 34% levy on goods from China, raising concerns about a global trade war. This led to major declines within the “Magnificent Seven,” with one iPhone manufacturer falling over 9% due to its dependence on Chinese production. Other tech giants saw losses between 8% and 9%, contributing to the NASDAQ’s 6% drop, its worst in five years and pushing its year-to-date decline beyond 14%.
Optimism Amidst Uncertainty
Despite the turmoil, there remains optimism surrounding technology and growth stocks, driven by longer-term trends. Ken Fisher from Fisher Asset Management suggested that while major tech firms may encounter challenges, they generally perform well in bullish markets, reflecting broader investor confidence. He noted that the rally in 2024 was more extensive than many realize, with tech and communication services leading overall growth. The historical resilience of tech stocks during recoveries solidifies their appeal for long-term investors.
Signs of Recovery
By late April, indications of a potential recovery surfaced, as major indexes began to bounce back on April 24, propelled by tech stocks. Positive investor sentiment followed reports of renewed U.S.-China trade discussions, paired with Trump hinting at possible tariff reductions. Analysts indicated that the recent selloff may have left the market undervalued, while mixed earnings and rising costs across various sectors continue to warrant caution.
Ken Fisher’s Top Picks
For this article, we analyzed Fisher Asset Management’s Q4 2024 13F filings to identify Ken Fisher’s top technology stock picks with substantial upside potential. We focused on stocks with more than a 27% upside at the time of writing, providing insight into their investment merits and ranking them by potential growth. Additionally, we examined hedge fund sentiments using data from 1,009 funds tracked by Insider Monkey in Q4 2024.
NVIDIA’s Market Position
NVIDIA Corporation (NASDAQ:NVDA), a leader in GPU-accelerated computing, is pivotal in shaping the tech industry with its advanced GPUs used in gaming, data centers, and AI sectors. In its fiscal Q4 2025, NVIDIA achieved record revenue of $39.3 billion, representing a remarkable 78% year-over-year increase. As the U.S.-China trade tensions escalate, particularly regarding AI chips, NVIDIA’s commitment to China remains firm, underscoring its strategic importance amidst geopolitical challenges.
Future Outlook for NVIDIA
Investor confidence in NVIDIA persists, with the stock holding a price target of $167.09, indicating a projected upside of 53.27%. This positions it among Ken Fisher’s top stock picks. Insights from the Alger Spectra Fund highlighted NVIDIA’s vital role in driving AI adoption and its competitive edge in data centers, showcasing the company’s potential for significant future growth and making it an attractive option for investors in a polarized tech environment.
Disclosure: None. This content was originally published at Insider Monkey.
