Part 2. 5 giant stocks with huge upside potential.
Tesla Inc. (NASDAQ:TSLA)
Number of hedge fund holders: 82
Analysts and experts believe that the shares of Tesla Inc. (NASDAQ:TSLA) could rise 1000% or more in the coming years. Kathy Wood is one of Tesla Inc's most notable bulls. (NASDAQ:TSLA) with an ambitious share price target. She believes Tesla Inc. (NASDAQ:TSLA) could reach $3,000 by 2025. As of July 8, Tesla Inc. (NASDAQ:TSLA) is trading at $274. If Tesla Inc. (NASDAQ:TSLA) hits $3,000, gaining about 995%.
Shares of Tesla Inc. (NASDAQ:TSLA) rebounded recently after the company released strong shipping data for June.
As of the end of the first quarter of 2023, 82 hedge funds tracked by Insider Monkey held stakes in Tesla Inc. (NASDAQ:TSLA). The largest shareholder of hedge fund Tesla Inc. (NASDAQ:TSLA) is DE Shaw with a $1.3 billion stake in the company.
Apple Inc. (NASDAQ: AAPL)
Number of hedge fund holders: 131
Apple Inc. (NASDAQ:AAPL ), the world's most valuable technology company, has always been a leader in the industry with its innovation and unique products. Once the market begins to believe that Apple Inc. (NASDAQ:AAPL) has reached its peak, the company is coming back and eventually growing its user base thanks to its excellent products. Dominance of Apple Inc. (NASDAQ:AAPL) in the smartphone industry, its huge growth in software and services, its media and content bets, and investments related to artificial intelligence and virtual reality could easily increase stocks 10x in the next 10 to 20 years. That's why Apple Inc. (NASDAQ:AAPL) was cited as a potentially profitable stock by many media sources we consulted.
A database of 943 hedge funds shows that 131 hedge funds had stakes in Apple Inc. (NASDAQ:AAPL) at the end of the first quarter. The most prominent shareholder of hedge fund Apple Inc. (NASDAQ:AAPL) was Warren Buffett's Berkshire Hathaway, who owns a $151 billion stake in the company.
NVIDIA Corporation (NASDAQ:NVDA)
Number of hedge fund holders: 132
Shares of NVIDIA Corporation (NASDAQ:NVDA) could rise 10 times their current value based on the company's artificial intelligence products, according to several reliable media sources and websites we consulted. Currently, NVIDIA Corporation (NASDAQ:NVDA) is virtually unrivaled when it comes to building chips for generative AI applications. While many believe that NVIDIA Corporation (NASDAQ:NVDA) has already realized its potential, some wise investors believe that the company still has a long way to go.
Meta Platforms, Inc. (NASDAQ:META)
Number of hedge fund holders: 220
The rate at which Meta Platforms, Inc. (NASDAQ:META) innovates and enters new areas, stunning. Meta Platforms Inc. (NASDAQ:META) could show slow but steady returns for investors over the next decade. Investment Meta Platforms, Inc. (NASDAQ:META) into artificial intelligence, virtual reality, new social media platforms and its dominance of the industry could bear fruit in the future.
As of the end of the first quarter of 2023, 220 hedge funds tracked by Insider Monkey held stakes in Meta Platforms, Inc. (NASDAQ:META). The largest shareholder of Meta Platforms, Inc. (NASDAQ:META) during this period was Philippe Laffon's Coatue Management, which owns a $1.71 billion stake in the company.
Microsoft Corporation (NASDAQ:MSFT)
Number of hedge fund holders: 289
Microsoft Corporation (NASDAQ:MSFT) has the potential to grow 10x its current value over the next decade or so, given the company's impressive and rapid advances in artificial intelligence. Microsoft Corporation (NASDAQ:MSFT)'s partnership with OpenAI, the integration of artificial intelligence with its software products, and the resurgence of Bing search along with the company's cloud plans could see MSFT's stock soar going forward.
Microsoft Corporation (NASDAQ:MSFT) is the most popular stock among 943 hedge funds monitored. One of the most notable shareholders of Microsoft Corporation (NASDAQ: MSFT) is Chris Hohn's TCI Fund Management, which owns a $4.4 billion stake in the company.