logo
#

Latest news with #Canada-imported

Taiwan Semiconductor Manufacturing (TSM): Among Billionaire Ken Fisher's Top Growth Stock Picks
Taiwan Semiconductor Manufacturing (TSM): Among Billionaire Ken Fisher's Top Growth Stock Picks

Yahoo

time31-03-2025

  • Business
  • Yahoo

Taiwan Semiconductor Manufacturing (TSM): Among Billionaire Ken Fisher's Top Growth Stock Picks

We recently published a list of . In this article, we are going to take a look at where Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) stands against other billionaire Ken Fisher's top growth stock picks. 'Who am I to tell you anything, much less anything that counts? Or that there are only three questions that count and I know what they are? Why should you bother reading any of this? Why listen to me at all?' This is the opening paragraph in one of Kenneth Lawrence Fisher's books, 'The Only Three Questions That Count: Investing by Knowing What Others Don't.' Fisher has over ten books to his name, but that is not why investors pay attention to what he has to say whenever he says it. Known to many as Ken Fisher, the 74-year-old is ranked at position 212 in the latest Forbes Billionaires list (as of March 11, 2025). This is thanks to the $11.2 billion of wealth he has amassed through Fisher Investments, a firm that has more than $270 billion in assets under management. Fisher has a lot to say about the market, and he is an active commentator on current events. As you'd expect, he had something to say about Trump's tariffs. On Tuesday, March 11, 2025, President Trump doubled down on tariff talks, threatening to double the planned tariff on Canada-imported aluminum and steel to 50%. He said the levies would be effected in 24 hours and that if Canada doesn't play ball, he 'would set tariffs on cars from Canada so high that they would permanently shut down the Canadian car industry,' the New York Times reported. READ ALSO: Top 10 Blue Chip AI Stocks to Buy According to Billionaire Cliff Asness and Cathie Wood's Top 12 AI Stock Picks in 2025. President Trump has given four reasons for the tiff with Canada. On raising tariffs on Canadian aluminum and steel, the president argued that the move is a response to Ontario bumping up prices on the electricity exported to the United States. He has also mentioned concerns about fentanyl trafficking, high levies on dairy imports, and that the tariffs are the current administration's 'broader strategy to use economic leverage to address national security concerns and promote domestic manufacturing.' Fisher agrees with President Trump but only as far as the tariffs are negotiating tools. In a recent video posted on YouTube, he explains that tariffs are rarely fully enforced and argues that the actual impact of tariffs is often much smaller than people fear. The levies might be set at, say, 10-15%, but the real cost impact on goods is usually around 1.5%. He also emphasizes that markets often overreact to tariff announcements, causing unnecessary fear and volatility. In other words, Fisher's mind is clear that the current selloff in the US stock market is an overreaction that will settle. It is impossible to argue with a person whose stock picks have generated so much value in so many years. , the investment vehicle of Fisher Investments, currently has 975 holdings, with a calculated portfolio value of $251 billion. This value has increased drastically over the past 10 years, with a slight dent during the COVID-19 pandemic. We combed Fisher Asset Management's Q4 2024 13F filings to identify the top growth stocks in which the firm is invested in. From the resultant data, we settled on the top 13 growth stock picks and analyzed them to determine why they stand out as growth picks. Finally, we ranked the stocks in ascending order based on the value of Fisher Asset Management equity stakes while also detailing hedge fund sentiment around each stock. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close-up of a complex network of integrated circuits used in logic semiconductors. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a leading contract chipmaker. The firm manufactures chips for many global tech giants, including Apple Inc. (NASDAQ:AAPL), NVIDIA Corp. (NASDAQ:NVDA), and Intel Corp. (NASDAQ:INTC). The company controls nearly two-thirds of the foundry business because it can push down chip sizes while increasing processing speeds and lowering power consumption. Its competitive edge in the sector was the catalyst behind a 37% increase in Q4 2024 revenue totaling $26.88 billion. Its earnings also popped 57% to $2.24 a share since more AI chips are required to execute AI workloads. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) continues to benefit greatly from rising investments in AI infrastructure. Management expects strong AI demand to fuel more growth, which could result in AI sales more than doubling in 2025. Consequently, revenue is expected to grow at a compound annual growth rate of 45% over the next five years, affirming why Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a top growth stock in Ken Fisher's portfolio. The company has already announced an additional $100 billion investment to an ongoing $65 billion investment plan in the US as it seeks to bolster its manufacturing capacity to meet the growing demand for its services. Overall, TSM ranks 6th on our list of billionaire Ken Fisher's top growth stock picks. While we acknowledge the potential of TSM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TSM but that trades at less than 5 times its earnings check out our report about the READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.

Apple Inc. (AAPL): Among Billionaire Ken Fisher's Top Growth Stock Picks
Apple Inc. (AAPL): Among Billionaire Ken Fisher's Top Growth Stock Picks

Yahoo

time31-03-2025

  • Business
  • Yahoo

Apple Inc. (AAPL): Among Billionaire Ken Fisher's Top Growth Stock Picks

We recently published a list of . In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other billionaire Ken Fisher's top growth stock picks. 'Who am I to tell you anything, much less anything that counts? Or that there are only three questions that count and I know what they are? Why should you bother reading any of this? Why listen to me at all?' This is the opening paragraph in one of Kenneth Lawrence Fisher's books, 'The Only Three Questions That Count: Investing by Knowing What Others Don't.' Fisher has over ten books to his name, but that is not why investors pay attention to what he has to say whenever he says it. Known to many as Ken Fisher, the 74-year-old is ranked at position 212 in the latest Forbes Billionaires list (as of March 11, 2025). This is thanks to the $11.2 billion of wealth he has amassed through Fisher Investments, a firm that has more than $270 billion in assets under management. Fisher has a lot to say about the market, and he is an active commentator on current events. As you'd expect, he had something to say about Trump's tariffs. On Tuesday, March 11, 2025, President Trump doubled down on tariff talks, threatening to double the planned tariff on Canada-imported aluminum and steel to 50%. He said the levies would be effected in 24 hours and that if Canada doesn't play ball, he 'would set tariffs on cars from Canada so high that they would permanently shut down the Canadian car industry,' the New York Times reported. READ ALSO: Top 10 Blue Chip AI Stocks to Buy According to Billionaire Cliff Asness and Cathie Wood's Top 12 AI Stock Picks in 2025. President Trump has given four reasons for the tiff with Canada. On raising tariffs on Canadian aluminum and steel, the president argued that the move is a response to Ontario bumping up prices on the electricity exported to the United States. He has also mentioned concerns about fentanyl trafficking, high levies on dairy imports, and that the tariffs are the current administration's 'broader strategy to use economic leverage to address national security concerns and promote domestic manufacturing.' Fisher agrees with President Trump but only as far as the tariffs are negotiating tools. In a recent video posted on YouTube, he explains that tariffs are rarely fully enforced and argues that the actual impact of tariffs is often much smaller than people fear. The levies might be set at, say, 10-15%, but the real cost impact on goods is usually around 1.5%. He also emphasizes that markets often overreact to tariff announcements, causing unnecessary fear and volatility. In other words, Fisher's mind is clear that the current selloff in the US stock market is an overreaction that will settle. It is impossible to argue with a person whose stock picks have generated so much value in so many years. Fisher Asset Management, the investment vehicle of Fisher Investments, currently has 975 holdings, with a calculated portfolio value of $251 billion. This value has increased drastically over the past 10 years, with a slight dent during the COVID-19 pandemic. We combed Fisher Asset Management's Q4 2024 13F filings to identify the top growth stocks in which the firm is invested in. From the resultant data, we settled on the top 13 growth stock picks and analyzed them to determine why they stand out as growth picks. Finally, we ranked the stocks in ascending order based on the value of Fisher Asset Management equity stakes while also detailing hedge fund sentiment around each stock. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A wide view of an Apple store, showing the range of products the company offers. Apple Inc. (NASDAQ:AAPL) tops Ken Fisher's portfolio with a massive $14.85 billion stake. The tech giant designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories. It also has a growing services business, including advertising, cloud services, and digital content. While Apple Inc.'s (NASDAQ:AAPL) growth metrics have come under immense pressure due to stiff competition in the smartphone business, it continues delivering impressive results. For starters, revenue in the fiscal first quarter of 2025 was up 4% to $124.3 billion. The increase was mostly driven by a 16% and 15% increase in Mac and iPad sales. Additionally, the services segment is emerging as a key growth driver, going by a 14% jump in revenue to $26.3 billion, helping offset an 8% slump in iPhone sales. Wedbush analyst Dan Ives insists Apple Inc. (NASDAQ:AAPL) is a top growth stock headed for a 'golden era of growth' driven by demand for artificial intelligence. While the company's flagship iPhone product line has come under pressure in recent years, Ives expects a multi-year iPhone upgrade cycle with the prospect of selling 240 million iPhones on AI integration. Overall, AAPL ranks 1st on our list of billionaire Ken Fisher's top growth stock picks. While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AAPL but that trades at less than 5 times its earnings check out our report about the READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio

NVIDIA Corporation (NVDA): Among Billionaire Ken Fisher's Top Growth Stock Picks
NVIDIA Corporation (NVDA): Among Billionaire Ken Fisher's Top Growth Stock Picks

Yahoo

time31-03-2025

  • Business
  • Yahoo

NVIDIA Corporation (NVDA): Among Billionaire Ken Fisher's Top Growth Stock Picks

We recently published a list of . In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other billionaire Ken Fisher's top growth stock picks. 'Who am I to tell you anything, much less anything that counts? Or that there are only three questions that count and I know what they are? Why should you bother reading any of this? Why listen to me at all?' This is the opening paragraph in one of Kenneth Lawrence Fisher's books, 'The Only Three Questions That Count: Investing by Knowing What Others Don't.' Fisher has over ten books to his name, but that is not why investors pay attention to what he has to say whenever he says it. Known to many as Ken Fisher, the 74-year-old is ranked at position 212 in the latest Forbes Billionaires list (as of March 11, 2025). This is thanks to the $11.2 billion of wealth he has amassed through Fisher Investments, a firm that has more than $270 billion in assets under management. Fisher has a lot to say about the market, and he is an active commentator on current events. As you'd expect, he had something to say about Trump's tariffs. On Tuesday, March 11, 2025, President Trump doubled down on tariff talks, threatening to double the planned tariff on Canada-imported aluminum and steel to 50%. He said the levies would be effected in 24 hours and that if Canada doesn't play ball, he 'would set tariffs on cars from Canada so high that they would permanently shut down the Canadian car industry,' the New York Times reported. READ ALSO: Top 10 Blue Chip AI Stocks to Buy According to Billionaire Cliff Asness and Cathie Wood's Top 12 AI Stock Picks in 2025. President Trump has given four reasons for the tiff with Canada. On raising tariffs on Canadian aluminum and steel, the president argued that the move is a response to Ontario bumping up prices on the electricity exported to the United States. He has also mentioned concerns about fentanyl trafficking, high levies on dairy imports, and that the tariffs are the current administration's 'broader strategy to use economic leverage to address national security concerns and promote domestic manufacturing.' Fisher agrees with President Trump but only as far as the tariffs are negotiating tools. In a recent video posted on YouTube, he explains that tariffs are rarely fully enforced and argues that the actual impact of tariffs is often much smaller than people fear. The levies might be set at, say, 10-15%, but the real cost impact on goods is usually around 1.5%. He also emphasizes that markets often overreact to tariff announcements, causing unnecessary fear and volatility. In other words, Fisher's mind is clear that the current selloff in the US stock market is an overreaction that will settle. It is impossible to argue with a person whose stock picks have generated so much value in so many years. Fisher Asset Management, the investment vehicle of Fisher Investments, currently has 975 holdings, with a calculated portfolio value of $251 billion. This value has increased drastically over the past 10 years, with a slight dent during the COVID-19 pandemic. We combed Fisher Asset Management's Q4 2024 13F filings to identify the top growth stocks in which the firm is invested in. From the resultant data, we settled on the top 13 growth stock picks and analyzed them to determine why they stand out as growth picks. Finally, we ranked the stocks in ascending order based on the value of Fisher Asset Management equity stakes while also detailing hedge fund sentiment around each stock. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Ken Fisher of Fisher Asset Management NVIDIA Corporation (NASDAQ:NVDA) is a semiconductor giant that designs and supplies graphics processing units (GPUs) and application programming interfaces (APIs). It has also emerged as a leading artificial intelligence (AI) hardware and software supplier. It is one of the top growth stocks because it can capitalize on lucrative growth trends, including gaming personal computers, cryptocurrency mining, high-performance computing and artificial intelligence AI. NVIDIA Corporation (NASDAQ:NVDA) controls a large portion of the data center graphics card market. To support their rapidly expanding cloud computing businesses, IT giants Microsoft, Alphabet, and Meta Platforms are increasing their investments in AI-related infrastructure. A large portion of the $220 billion that the companies intend to invest in 2025 will go toward Nvidia in the upcoming years. Given that it recorded amazing growth, with Q4 of Fiscal 2025 revenue leaping 78% year over year and adjusted earnings per share jumping 71%, Nvidia's growth metrics remain intact. With a compound annual growth rate (CAGR) of 69% over the previous three years and a 114% year-over-year revenue spike in fiscal year 2025, NVIDIA Corporation (NASDAQ:NVDA) has demonstrated impressive revenue growth, reaching $130.5 billion. Overall, NVDA ranks 2nd on our list of billionaire Ken Fisher's top growth stock picks. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings check out our report about the READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.

Meta Platforms, Inc. (META): Among Billionaire Ken Fisher's Top Growth Stock Picks
Meta Platforms, Inc. (META): Among Billionaire Ken Fisher's Top Growth Stock Picks

Yahoo

time31-03-2025

  • Business
  • Yahoo

Meta Platforms, Inc. (META): Among Billionaire Ken Fisher's Top Growth Stock Picks

We recently published a list of . In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against other billionaire Ken Fisher's top growth stock picks. 'Who am I to tell you anything, much less anything that counts? Or that there are only three questions that count and I know what they are? Why should you bother reading any of this? Why listen to me at all?' This is the opening paragraph in one of Kenneth Lawrence Fisher's books, 'The Only Three Questions That Count: Investing by Knowing What Others Don't.' Fisher has over ten books to his name, but that is not why investors pay attention to what he has to say whenever he says it. Known to many as Ken Fisher, the 74-year-old is ranked at position 212 in the latest Forbes Billionaires list (as of March 11, 2025). This is thanks to the $11.2 billion of wealth he has amassed through Fisher Investments, a firm that has more than $270 billion in assets under management. Fisher has a lot to say about the market, and he is an active commentator on current events. As you'd expect, he had something to say about Trump's tariffs. On Tuesday, March 11, 2025, President Trump doubled down on tariff talks, threatening to double the planned tariff on Canada-imported aluminum and steel to 50%. He said the levies would be effected in 24 hours and that if Canada doesn't play ball, he 'would set tariffs on cars from Canada so high that they would permanently shut down the Canadian car industry,' the New York Times reported. READ ALSO: Top 10 Blue Chip AI Stocks to Buy According to Billionaire Cliff Asness and Cathie Wood's Top 12 AI Stock Picks in 2025. President Trump has given four reasons for the tiff with Canada. On raising tariffs on Canadian aluminum and steel, the president argued that the move is a response to Ontario bumping up prices on the electricity exported to the United States. He has also mentioned concerns about fentanyl trafficking, high levies on dairy imports, and that the tariffs are the current administration's 'broader strategy to use economic leverage to address national security concerns and promote domestic manufacturing.' Fisher agrees with President Trump but only as far as the tariffs are negotiating tools. In a recent video posted on YouTube, he explains that tariffs are rarely fully enforced and argues that the actual impact of tariffs is often much smaller than people fear. The levies might be set at, say, 10-15%, but the real cost impact on goods is usually around 1.5%. He also emphasizes that markets often overreact to tariff announcements, causing unnecessary fear and volatility. In other words, Fisher's mind is clear that the current selloff in the US stock market is an overreaction that will settle. It is impossible to argue with a person whose stock picks have generated so much value in so many years. Fisher Asset Management, the investment vehicle of Fisher Investments, currently has 975 holdings, with a calculated portfolio value of $251 billion. This value has increased drastically over the past 10 years, with a slight dent during the COVID-19 pandemic. We combed Fisher Asset Management's Q4 2024 13F filings to identify the top growth stocks in which the firm is invested in. From the resultant data, we settled on the top 13 growth stock picks and analyzed them to determine why they stand out as growth picks. Finally, we ranked the stocks in ascending order based on the value of Fisher Asset Management equity stakes while also detailing hedge fund sentiment around each stock. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Ken Fisher of Fisher Asset Management Meta Platforms, Inc. (NASDAQ:META) is a technology giant that owns popular social media platforms, including Facebook, Instagram, and WhatsApp. Its family of apps segment generates over 98% of total revenue through digital advertising. Meta Platforms, Inc.'s (NASDAQ:META) revenue has grown by 39% from $118 billion in 2021 to $164.5 billion in 2024. The robust growth comes amid rising ad impressions and an increase in the average price per ad on the company's flagship apps. Integrating artificial intelligence features into the apps has also triggered a 17% increase in the daily active users, allowing the company to attract more advertising campaigns. The Meta Platforms family of apps remains the go-to destination for advertisers as engagement levels have soared, especially on Instagram. Revenue growth of 22% in 2024 came as advertisers continued to invest in getting their brands in the over 3.3 billion people using Meta Platforms, Inc.'s (NASDAQ:META) services. While Meta AI assistant has gained 700 million users, the number is expected to rise to 1 billion, affirming strong underlying growth. As Meta AI gets smarter, it should unlock new revenue streams. Overall, META ranks 10th on our list of billionaire Ken Fisher's top growth stock picks. While we acknowledge the potential of META as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than META but that trades at less than 5 times its earnings check out our report about the READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio

Visa Inc. (V): Among Billionaire Ken Fisher's Top Growth Stock Picks
Visa Inc. (V): Among Billionaire Ken Fisher's Top Growth Stock Picks

Yahoo

time31-03-2025

  • Business
  • Yahoo

Visa Inc. (V): Among Billionaire Ken Fisher's Top Growth Stock Picks

We recently published a list of . In this article, we are going to take a look at where Visa Inc. (NYSE:V) stands against other billionaire Ken Fisher's top growth stock picks. 'Who am I to tell you anything, much less anything that counts? Or that there are only three questions that count and I know what they are? Why should you bother reading any of this? Why listen to me at all?' This is the opening paragraph in one of Kenneth Lawrence Fisher's books, 'The Only Three Questions That Count: Investing by Knowing What Others Don't.' Fisher has over ten books to his name, but that is not why investors pay attention to what he has to say whenever he says it. Known to many as Ken Fisher, the 74-year-old is ranked at position 212 in the latest Forbes Billionaires list (as of March 11, 2025). This is thanks to the $11.2 billion of wealth he has amassed through Fisher Investments, a firm that has more than $270 billion in assets under management. Fisher has a lot to say about the market, and he is an active commentator on current events. As you'd expect, he had something to say about Trump's tariffs. On Tuesday, March 11, 2025, President Trump doubled down on tariff talks, threatening to double the planned tariff on Canada-imported aluminum and steel to 50%. He said the levies would be effected in 24 hours and that if Canada doesn't play ball, he 'would set tariffs on cars from Canada so high that they would permanently shut down the Canadian car industry,' the New York Times reported. READ ALSO: Top 10 Blue Chip AI Stocks to Buy According to Billionaire Cliff Asness and Cathie Wood's Top 12 AI Stock Picks in 2025. President Trump has given four reasons for the tiff with Canada. On raising tariffs on Canadian aluminum and steel, the president argued that the move is a response to Ontario bumping up prices on the electricity exported to the United States. He has also mentioned concerns about fentanyl trafficking, high levies on dairy imports, and that the tariffs are the current administration's 'broader strategy to use economic leverage to address national security concerns and promote domestic manufacturing.' Fisher agrees with President Trump but only as far as the tariffs are negotiating tools. In a recent video posted on YouTube, he explains that tariffs are rarely fully enforced and argues that the actual impact of tariffs is often much smaller than people fear. The levies might be set at, say, 10-15%, but the real cost impact on goods is usually around 1.5%. He also emphasizes that markets often overreact to tariff announcements, causing unnecessary fear and volatility. In other words, Fisher's mind is clear that the current selloff in the US stock market is an overreaction that will settle. It is impossible to argue with a person whose stock picks have generated so much value in so many years. Fisher Asset Management, the investment vehicle of Fisher Investments, currently has 975 holdings, with a calculated portfolio value of $251 billion. This value has increased drastically over the past 10 years, with a slight dent during the COVID-19 pandemic. We combed Fisher Asset Management's Q4 2024 13F filings to identify the top growth stocks in which the firm is invested in. From the resultant data, we settled on the top 13 growth stock picks and analyzed them to determine why they stand out as growth picks. Finally, we ranked the stocks in ascending order based on the value of Fisher Asset Management equity stakes while also detailing hedge fund sentiment around each stock. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close-up of a modern payments terminal with a pile of credit cards on the side. Visa Inc. (NYSE:V) is a leading provider of payment processing technology. It offers VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It is one of the top growth stock picks in Ken Fisher's portfolio owing to its strong financial results, surging cross-border volumes and growing adoption of digital payments. Visa Inc. (NYSE:V) delivered strong fiscal 2024 results characterized by a 10% year-over-year revenue increase to $35.9 billion. The robust growth continued in the first quarter of 2025, whereby revenue was up by 10% to $9.5 billion. The stellar financial results are being driven by increased cross-border volume of 15% in fiscal 2024 and 16% in the first quarter of fiscal 2025. Additionally, Visa Inc. (NYSE:V) benefits from expansion in key regions of North America, Asia Pacific, Europe, and Latin America, which triggered a 14% increase in adjusted earnings per share in Q1 of fiscal 2025 to $2.75. Visa remains well positioned to benefit as global economies transition from cash to digital payments. Overall, V ranks 11th on our list of billionaire Ken Fisher's top growth stock picks. While we acknowledge the potential of V as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than V but that trades at less than 5 times its earnings check out our report about the READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store