The Best New Stock to Buy According to Billionaires
From Yahoo Finance: 2025-04-27 15:57:00
In the first quarter of 2025, global IPO activity saw a steady volume but a 20% growth in value, with a total of 291 IPOs valued at $29.3 billion. The United States and Asia-Pacific markets showed strength, while the EMEA region remained consistent. The current macroeconomic environment presents challenges and opportunities, with AI technology playing a crucial role in enhancing market strategies. EY Global anticipates a surge in IPO activity especially in the Aerospace and Defence sector due to increased budgetary spending.
GE Vernova Inc. (NYSE:GEV) is a global energy technology company with a market capitalization of $98.39 billion and 111 hedge fund holders, 20 billionaires, and a total value of billionaire holdings at $2,978,174,541. The company, specializing in sustainable electric power, announced strong Q1 2025 results, with orders growing 8% to $10.2 billion, driven by the Power segment. Analysts are optimistic about GE Vernova’s growth potential, market position, and demand for power and electrification products.
Artisan Global Opportunities Fund highlighted GE Vernova Inc. (NYSE:GEV) in its Q4 2024 investor letter, noting the company’s potential for growth in the power, wind, and electrification sectors. GEV ranks 1st in the list of best new stocks to buy according to billionaires, with promising AI stocks also gaining attention for higher returns. Investors are advised to consider AI stocks that show potential for significant gains in a shorter timeframe.
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