Latest news with #FisherAssetManagement
Globe and Mail
15 hours ago
- Business
- Globe and Mail
Fisher Asset Management Reduces Stake in Amazon
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Fisher Asset Management LLC, managed by Ken Fisher, recently executed a significant transaction involving Inc. ((AMZN)). The hedge fund reduced its position by 96,884 shares. Spark's Take on AMZN Stock According to Spark, TipRanks' AI Analyst, AMZN is a Outperform. Amazon's overall stock score is driven by strong financial performance and positive earnings call insights, highlighting robust growth and strategic advancements. While technical analysis and valuation suggest caution, the company's innovation and market leadership position it well for future growth. To see Spark's full report on AMZN stock, click here. More about Inc. YTD Price Performance: 1.97% Average Trading Volume: 42,702,210 Current Market Cap: $2362B Disclaimer & Disclosure Report an Issue
Yahoo
03-05-2025
- Business
- Yahoo
Marvell Technology, Inc. (MRVL): Among Ken Fisher's Technology Stock Picks with Huge Upside Potential
We recently published an article titled . In this article, we are going to take a look at where Marvell Technology, Inc. (NASDAQ:MRVL) stands against the other technology stocks. Technology stocks have faced heightened volatility in 2025, with market sentiment swinging sharply in response to President Donald Trump's aggressive trade policies. On April 3, tech shares endured their worst day since the COVID-19 pandemic as Trump announced sweeping tariffs on all imported goods, including a 34% duty on Chinese imports, exacerbating fears of a global trade war. An iPhone maker led the steep declines among the "Magnificent Seven," plummeting over 9% due to its reliance on Chinese manufacturing. Other tech giants also fell between 8% and 9%, while semiconductor and PC companies recorded double-digit losses. The tech-heavy NASDAQ tumbled 6%, marking its worst session over five years and deepening its year-to-date loss to more than 14%. Despite the recent turmoil, broader optimism about technology and growth stocks remains underpinned by longer-term trends. Notably, Ken Fisher of Fisher Asset Management has emphasized that while mega-cap tech firms often face headwinds, they tend to outperform during bullish cycles and reflect broader market confidence. He argues that 2024's rally was more expansive than many recognize, with tech and communication services stocks leading growth across the board. While tech stocks often decline more in bearish periods, their historical track record of resilience and growth during recoveries continues to make them attractive for long-term investors. This underscores why, even amid significant volatility, tech stocks retain strategic value for portfolios, particularly when the market regains momentum. Signs of a potential rebound appeared later in April, as major indexes recovered modestly on April 24, with tech shares helping lead the rally. Investors responded positively to reports that the U.S. and China had resumed trade talks, despite earlier denials from Beijing. Trump's announcement that some tariffs might be rolled back helped ease immediate fears, although uncertainty remains high. Analysts noted that the recent tech selloff had left the market oversold, setting the stage for short-term gains. However, mixed earnings reports and rising costs across industries continue to fuel caution, reinforcing the unpredictable nature of trade policy's impact on tech and broader equity markets. For this article, we scanned Fisher Asset Management's Q4 2024 13F filings to identify billionaire Ken Fisher's technology stock picks with the highest upside potential. We compiled the tech equities with upside potential higher than 27% at the time of writing this article and discussed why they stood out as sound potential investments. Finally, we ranked the stocks based on the ascending order of their upside potential. To assist readers with more context, we mentioned the hedge fund sentiment around each stock using data from 1,009 hedge funds tracked by Insider Monkey in the fourth quarter of 2024. 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 363.5% since May 2014, beating its benchmark by 208 percentage points (). An assembly line in a semiconductor factory, with workers at their Technology, Inc. (NASDAQ:MRVL), headquartered in Santa Clara, California, is a prominent semiconductor company specializing in AI-accelerated compute, connectivity, and storage solutions. Since its founding in 1995 by Dr. Sehat Sutardja, Weili Dai, and Pantas Sutardja, the company has evolved from its initial focus on CMOS-based read channel technology for disk drives into a global leader in advanced data infrastructure. Its first major breakthrough came when Seagate Technology became an early customer, paving the way for rapid growth. Today, Marvell serves a diverse range of industries, including data centers, automotive, enterprise, and carrier networks. By embedding artificial intelligence into its solutions, Marvell is reshaping cloud and network architectures to optimize speed, performance, and accessibility. The company now employs over 6,500 people, holds more than 10,000 patents, and reported $5.5 billion in revenue for fiscal 2024, underscoring its position at the forefront of semiconductor innovation. Marvell Technology, Inc. (NASDAQ:MRVL) announced its financial results for the fourth quarter and full fiscal year ended February 1, 2025, demonstrating significant growth momentum. The company reported net revenue of $1.817 billion for Q4 FY2025, exceeding guidance by $17 million. This marked a 20% sequential and 27% year-over-year increase, driven largely by exceptional growth in the data center segment, where revenue rose 78% compared to the same period last year. Net income for the quarter was $200.2 million, or $0.23 per diluted share. The company also generated $514 million in operating cash flow for the quarter, reflecting healthy financial management. For the full fiscal year 2025, Marvell Technology, Inc. (NASDAQ:MRVL) posted net revenue of $5.767 billion. The company delivered a record $1.68 billion in operating cash flow for the year and returned $933 million to shareholders through dividends and share repurchases. CEO Matt Murphy emphasized that Marvell ended the fiscal year on a strong note, highlighting the success of its custom AI silicon programs, which have now entered volume production, and the continued momentum in its interconnect product lines. Murphy also pointed to multiple new design wins, including several custom silicon projects, that position the company for sustained long-term growth. Overall MRVL ranks 1st among billionaire Ken Fisher's technology stock picks with huge upside potential. While we acknowledge the potential of MRVL 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 timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MRVL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stock To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
03-05-2025
- Business
- Yahoo
JD.com, Inc. (JD): Among Ken Fisher's Technology Stock Picks with Huge Upside Potential
We recently published an article titled . In this article, we are going to take a look at where Inc. (NASDAQ:JD) stands against the other technology stocks. Technology stocks have faced heightened volatility in 2025, with market sentiment swinging sharply in response to President Donald Trump's aggressive trade policies. On April 3, tech shares endured their worst day since the COVID-19 pandemic as Trump announced sweeping tariffs on all imported goods, including a 34% duty on Chinese imports, exacerbating fears of a global trade war. An iPhone maker led the steep declines among the "Magnificent Seven," plummeting over 9% due to its reliance on Chinese manufacturing. Other tech giants also fell between 8% and 9%, while semiconductor and PC companies recorded double-digit losses. The tech-heavy NASDAQ tumbled 6%, marking its worst session over five years and deepening its year-to-date loss to more than 14%. Despite the recent turmoil, broader optimism about technology and growth stocks remains underpinned by longer-term trends. Notably, Ken Fisher of Fisher Asset Management has emphasized that while mega-cap tech firms often face headwinds, they tend to outperform during bullish cycles and reflect broader market confidence. He argues that 2024's rally was more expansive than many recognize, with tech and communication services stocks leading growth across the board. While tech stocks often decline more in bearish periods, their historical track record of resilience and growth during recoveries continues to make them attractive for long-term investors. This underscores why, even amid significant volatility, tech stocks retain strategic value for portfolios, particularly when the market regains momentum. Signs of a potential rebound appeared later in April, as major indexes recovered modestly on April 24, with tech shares helping lead the rally. Investors responded positively to reports that the U.S. and China had resumed trade talks, despite earlier denials from Beijing. Trump's announcement that some tariffs might be rolled back helped ease immediate fears, although uncertainty remains high. Analysts noted that the recent tech selloff had left the market oversold, setting the stage for short-term gains. However, mixed earnings reports and rising costs across industries continue to fuel caution, reinforcing the unpredictable nature of trade policy's impact on tech and broader equity markets. For this article, we scanned Fisher Asset Management's Q4 2024 13F filings to identify billionaire Ken Fisher's technology stock picks with the highest upside potential. We compiled the tech equities with upside potential higher than 27% at the time of writing this article and discussed why they stood out as sound potential investments. Finally, we ranked the stocks based on the ascending order of their upside potential. To assist readers with more context, we mentioned the hedge fund sentiment around each stock using data from 1,009 hedge funds tracked by Insider Monkey in the fourth quarter of 2024. 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 363.5% since May 2014, beating its benchmark by 208 percentage points (). A wide and imposing view of a supply chain distribution center, illustrating the company's technology Inc. (NASDAQ:JD) is a Beijing-based e-commerce powerhouse and China's largest retailer by revenue. The company has evolved into a technology-driven conglomerate, expanding its footprint into logistics, healthcare, and property development alongside its core e-commerce operations. With a reputation for innovation and operational excellence, has strategically diversified into high-growth sectors that complement and enhance its retail business, reinforcing its dominant position in China's competitive digital economy. On March 6, 2025, Inc. (NASDAQ:JD) released its financial results for the fourth quarter and full year ended December 31, 2024, revealing robust year-over-year performance across multiple key metrics. The company posted Q4 net revenues of RMB347.0 billion ($147.5 billion), a 13.4% increase over the same period in 2023. Full-year net revenues climbed to RMB1,158.8 billion ($158.8 billion), up 6.8% from the previous year. Operational profitability surged, with Q4 income from operations rising to RMB8.5 billion ($1.2 billion), up significantly from RMB2.0 billion in Q4 2023. The operating margin improved from 0.7% to 2.4%, while non-GAAP income from operations increased to RMB10.5 billion ($1.4 billion), reflecting a non-GAAP operating margin of 3.0%, up from 2.5% the year before. Inc. (NASDAQ:JD) CEO Sandy Xu noted that double-digit year-on-year growth in both topline revenue and bottom-line profitability reflected strong momentum across most product categories. She also emphasized significant increases in quarterly active users and shopping frequency, underscoring rising consumer engagement and loyalty. Looking ahead to 2025, Xu affirmed the company's optimistic outlook amid recovering consumer sentiment and a continued focus on high-quality growth. Overall JD ranks 2nd among billionaire Ken Fisher's technology stock picks with huge upside potential. While we acknowledge the potential of JD 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 timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than JD but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stock To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at .
Yahoo
03-05-2025
- Business
- Yahoo
NVIDIA Corporation (NVDA): Among Ken Fisher's Technology Stock Picks with Huge Upside Potential
We recently published an article titled . In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against the other technology stocks. Technology stocks have faced heightened volatility in 2025, with market sentiment swinging sharply in response to President Donald Trump's aggressive trade policies. On April 3, tech shares endured their worst day since the COVID-19 pandemic as Trump announced sweeping tariffs on all imported goods, including a 34% duty on Chinese imports, exacerbating fears of a global trade war. An iPhone maker led the steep declines among the "Magnificent Seven," plummeting over 9% due to its reliance on Chinese manufacturing. Other tech giants also fell between 8% and 9%, while semiconductor and PC companies recorded double-digit losses. The tech-heavy NASDAQ tumbled 6%, marking its worst session over five years and deepening its year-to-date loss to more than 14%. Despite the recent turmoil, broader optimism about technology and growth stocks remains underpinned by longer-term trends. Notably, Ken Fisher of Fisher Asset Management has emphasized that while mega-cap tech firms often face headwinds, they tend to outperform during bullish cycles and reflect broader market confidence. He argues that 2024's rally was more expansive than many recognize, with tech and communication services stocks leading growth across the board. While tech stocks often decline more in bearish periods, their historical track record of resilience and growth during recoveries continues to make them attractive for long-term investors. This underscores why, even amid significant volatility, tech stocks retain strategic value for portfolios, particularly when the market regains momentum. Signs of a potential rebound appeared later in April, as major indexes recovered modestly on April 24, with tech shares helping lead the rally. Investors responded positively to reports that the U.S. and China had resumed trade talks, despite earlier denials from Beijing. Trump's announcement that some tariffs might be rolled back helped ease immediate fears, although uncertainty remains high. Analysts noted that the recent tech selloff had left the market oversold, setting the stage for short-term gains. However, mixed earnings reports and rising costs across industries continue to fuel caution, reinforcing the unpredictable nature of trade policy's impact on tech and broader equity markets. For this article, we scanned Fisher Asset Management's Q4 2024 13F filings to identify billionaire Ken Fisher's technology stock picks with the highest upside potential. We compiled the tech equities with upside potential higher than 27% at the time of writing this article and discussed why they stood out as sound potential investments. Finally, we ranked the stocks based on the ascending order of their upside potential. To assist readers with more context, we mentioned the hedge fund sentiment around each stock using data from 1,009 hedge funds tracked by Insider Monkey in the fourth quarter of 2024. 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 363.5% since May 2014, beating its benchmark by 208 percentage points (). A close-up of a colorful high-end graphics card being plugged in to a gaming Corporation (NASDAQ:NVDA), a global leader in GPU-accelerated computing, continues to revolutionize the tech industry with its high-performance graphics processing units, powering innovations across gaming, professional visualization, data centers, and automotive sectors. In the fourth quarter of fiscal year 2025, NVIDIA Corporation (NASDAQ:NVDA) reported a record-breaking revenue of $39.3 billion, demonstrating a staggering 78% year-over-year growth. GAAP earnings per diluted share climbed to $0.89, reflecting strong operational performance and expanding demand for NVIDIA's AI and data center technologies. At the same time, NVIDIA Corporation (NASDAQ:NVDA) finds itself at the heart of escalating US-China tensions over advanced technology exports, particularly as Washington tightens restrictions on the sale of AI chips to Chinese firms. In response to new U.S. Commerce Department rules, NVIDIA must now obtain export licenses for its H20 AI chip, a model originally designed to comply with earlier export controls. Despite the setback, NVIDIA remains a pivotal player in the generative AI race, with its chips underpinning platforms such as ChatGPT. The restrictions are part of a broader U.S. strategy to curb China's access to advanced AI technology, while simultaneously boosting domestic chip production—evidenced by NVIDIA's recent $500 billion AI server investment plan in the U.S., and TSMC's additional $100 billion investment in its Arizona facilities. To safeguard its interests in China, which accounted for 13% of its total sales last year, NVIDIA CEO Jensen Huang recently visited Beijing, where he met with senior officials and business leaders, including DeepSeek's founder. Huang reaffirmed the company's commitment to the Chinese market, emphasizing continued collaboration despite geopolitical headwinds. The visit coincided with increased scrutiny of the global semiconductor supply chain and a growing divide between U.S.- and China-led tech ecosystems. Nonetheless, investor sentiment surrounding NVIDIA Corporation (NASDAQ:NVDA) remains strong. The stock holds a price target of $167.09, representing a projected upside of 53.27%, placing it among the huge upside potential stock picks of billionaire Ken Fisher. This optimism highlights NVIDIA's strategic importance in the future of AI and next-generation computing, reinforcing its appeal to investors who view it as a cornerstone of technological advancement in an increasingly polarized global tech landscape. Alger Spectra Fund stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q4 2024 investor letter: 'NVIDIA Corporation (NASDAQ:NVDA) is a leading supplier of graphics processing units (GPUs) for a variety of end markets, such as gaming, PCs, data centers, virtual reality, and high-performance computing. The company is leading in most secular growth categories in computing, and especially artificial intelligence and super-computing parallel processing techniques for solving complex computational problems. In our view, Nvidia's computational power is a critical enabler of AI and therefore essential to AI adoption. Shares contributed to performance during the quarter, driven by strong demand for its data center products, especially the Hopper H200 chips, which generated double-digit billions in revenue, marking the fastest product ramp in the company's history. Management provided fiscal fourth-quarter revenue guidance above analyst estimates, along with resilient operating margins supported by robust demand and limited competition. In our view, Nvidia's leadership in scaling AI infrastructure, including advancements in inference and test-time scaling (i.e., reasoning during inference), is driving adoption among enterprises and startups, providing continued demand for its high-performance chips and software solutions. As older-generation chips are repurposed for inference and new clusters are deployed, we believe Nvidia is well-positioned to capitalize on growing compute needs across AI applications.' Overall NVDA ranks 3rd among billionaire Ken Fisher's technology stock picks with huge upside potential. 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 timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. 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 this cheapest AI stock. READ NEXT: 20 Best AI Stock To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at .
Yahoo
03-05-2025
- Business
- Yahoo
Alibaba Group Holding Limited (BABA): Among Ken Fisher's Technology Stock Picks with Huge Upside Potential
We recently published an article titled . In this article, we are going to take a look at where Alibaba Group Holding Limited (NYSE:BABA) stands against the other technology stocks. Technology stocks have faced heightened volatility in 2025, with market sentiment swinging sharply in response to President Donald Trump's aggressive trade policies. On April 3, tech shares endured their worst day since the COVID-19 pandemic as Trump announced sweeping tariffs on all imported goods, including a 34% duty on Chinese imports, exacerbating fears of a global trade war. An iPhone maker led the steep declines among the "Magnificent Seven," plummeting over 9% due to its reliance on Chinese manufacturing. Other tech giants also fell between 8% and 9%, while semiconductor and PC companies recorded double-digit losses. The tech-heavy NASDAQ tumbled 6%, marking its worst session over five years and deepening its year-to-date loss to more than 14%. Despite the recent turmoil, broader optimism about technology and growth stocks remains underpinned by longer-term trends. Notably, Ken Fisher of Fisher Asset Management has emphasized that while mega-cap tech firms often face headwinds, they tend to outperform during bullish cycles and reflect broader market confidence. He argues that 2024's rally was more expansive than many recognize, with tech and communication services stocks leading growth across the board. While tech stocks often decline more in bearish periods, their historical track record of resilience and growth during recoveries continues to make them attractive for long-term investors. This underscores why, even amid significant volatility, tech stocks retain strategic value for portfolios, particularly when the market regains momentum. Signs of a potential rebound appeared later in April, as major indexes recovered modestly on April 24, with tech shares helping lead the rally. Investors responded positively to reports that the U.S. and China had resumed trade talks, despite earlier denials from Beijing. Trump's announcement that some tariffs might be rolled back helped ease immediate fears, although uncertainty remains high. Analysts noted that the recent tech selloff had left the market oversold, setting the stage for short-term gains. However, mixed earnings reports and rising costs across industries continue to fuel caution, reinforcing the unpredictable nature of trade policy's impact on tech and broader equity markets. For this article, we scanned Fisher Asset Management's Q4 2024 13F filings to identify billionaire Ken Fisher's technology stock picks with the highest upside potential. We compiled the tech equities with upside potential higher than 27% at the time of writing this article and discussed why they stood out as sound potential investments. Finally, we ranked the stocks based on the ascending order of their upside potential. To assist readers with more context, we mentioned the hedge fund sentiment around each stock using data from 1,009 hedge funds tracked by Insider Monkey in the fourth quarter of 2024. 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 363.5% since May 2014, beating its benchmark by 208 percentage points (). An e-commerce platform displaying a wide range of products to customers Group Holding Limited (NYSE:BABA) is a leading Chinese multinational technology conglomerate with diverse operations spanning e-commerce, cloud computing, logistics, and digital services. In the quarter ending December 31, 2024, Alibaba Group Holding Limited (NYSE:BABA) reported strong financial performance, with revenue rising 8% year-over-year to RMB 280.15 billion ($38.38 billion). Operating income surged by 83% to RMB 41.2 billion ($5.65 billion), driven by operational efficiencies and reduced intangible asset impairments. Adjusted EBITA increased by 4% to RMB 54.85 billion ($7.52 billion), while net income attributable to shareholders soared 333% to RMB 48.95 billion ($6.71 billion), bolstered by gains on equity investments and core business strength. Earnings per ADS were RMB 20.39 ($2.79), and non-GAAP diluted EPS reached RMB 21.39 ($2.93), up 13% from the previous year. Alibaba Cloud returned to double-digit growth, with a 13% year-over-year revenue increase, reflecting robust demand for AI-related services. Looking ahead, Alibaba has pledged RMB 380 billion ($52.4 billion) over the next three years to scale its AI and cloud capabilities. CEO Eddie Wu emphasized targeted investment in foundational models, AI-native applications, and transformation initiatives, while Chairman Joe Tsai cautioned against unsustainable AI spending trends observed in other markets. Further solidifying its AI ambitions, Alibaba Group Holding Limited (NYSE:BABA) recently launched the Qwen3 series, the third generation of its open-source AI models. Developed by its cloud computing division, the Qwen3 family includes eight models ranging from 600 million to 235 billion parameters, offering improved performance across language processing, coding, reasoning, and mathematical tasks. Benchmark tests suggest that models like Qwen3-235B and Qwen3-4B match or exceed the capabilities of leading competitors such as OpenAI's o1, Google's Gemini, and DeepSeek's R1. The models also offer enhanced multilingual support and faster processing speeds. Notably, the Qwen3-30 B-A3 B, a smaller Mixture-of-Experts model, outperforms the previous QwQ-32B, and the compact Qwen3-4B delivers comparable results to the much larger Qwen2.5-72 B-Instruct. Alibaba Group Holding Limited (NYSE:BABA) described this advancement as a pivotal step toward artificial general intelligence and artificial superintelligence, citing gains in pre-training methods and reinforcement learning as key drivers of improved model intelligence. Overall BABA ranks 5th among billionaire Ken Fisher's technology stock picks with huge upside potential. While we acknowledge the potential of BABA 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 timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BABA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stock To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at . Sign in to access your portfolio
