From Yahoo Finance: 2025-03-30 16:18:00

Jericho Capital Asset Management is a New York-based hedge fund specializing in long/short equity strategies in global technology, media, and telecommunications sectors. The firm manages approximately $7 billion in assets and employs a high-conviction investment strategy. Founder Josh Resnick has extensive experience in finance and investment across various industries.

Formula One Group (NASDAQ:FWONK) saw a 13.4% increase in total revenue, reaching $3.653 billion in 2024. The company reported a 9% rise in fan attendance and extended key race promotion agreements globally. FWONK remains committed to strategic expansion and shareholder value enhancement, with Resnick holding over 3.6 million shares valued at $337 million.

Jericho Capital’s top 10 stocks to buy include Formula One Group (FWONK) as the 6th pick. Despite its potential, AI stocks are seen as having greater promise for delivering higher returns in a shorter time frame. FWONK’s strong financial foundation and global engagement position it for sustained growth in the sports and entertainment industry.

Read more: Is Formula One Group (FWONK) the Top Stock to Buy According to Jericho Capital Asset Management?