In this article, we will look at the Top 10 Tech Stocks in Louis Navellier’s Portfolio.
Technology stocks have powered major US benchmark indices to record highs after a rebound from losses fueled by the Iran war. Technology stocks were on the receiving end, with some plunging into correction territory amid concerns about economic disruptions from advances in artificial intelligence. The outbreak of the war in Iran accelerated the sell-off, with the tech-heavy Nasdaq 100 plunging by more than 10%.
Fast forward, tech stocks have bounced back, with the Nasdaq 100 powering to new record highs amid growing confidence that the US and Iran will reach a peace deal. Strong US corporate earnings in the tech sector have also fueled demand for risk-taking.
“The market is continuing to lean in to the notion of some sort of end to this conflict, whatever that looks like,” said Liz Ann Sonders, chief investment officer at the Schwab Center for Financial Research.
Hyperscalers and semiconductor companies continue to attract strong interest as they remain well-positioned to benefit from accelerating cloud demand and solid order backlogs. According to Goldman Sachs Group Inc. strategists led by Ben Snider, tech stocks are well poised for significant gains as spending on AI infrastructure shows no signs of slowing.
“The surge in spending estimates is driving a similar rise in earnings estimates for AI infrastructure companies, helping lift the earnings outlook for the broad market and skewing risks to our S&P 500 EPS estimates to the upside,” Snider and his colleagues wrote.
Veteran fund manager and best-selling author Louis Navellier insists the tech rally is in play, especially amid hopes of a resolution in the Middle East. The Founder of Navellier & Associates, known for uncovering the best growth stocks while deploying quantitative and fundamental analysis, also insists the AI theme is white-hot, as evidenced by the 36.7% gain in the semiconductor sector over the past month.
The fund manager has also touted a potential rethink of major software companies after they were hammered early in the year. With that in mind, let’s take a look at some of the top tech stocks in Louis Navellier’s portfolio.
Louis Navellier of Navellier & Associates
Our Methodology
For this article, we selected stocks by combing through the 13F portfolio of Navellier & Associates at the end of the first quarter of 2026. We listed the top technology stocks in the hedge fund’s portfolio by equity stake holdings. We also detailed the stock’s upside potential (as of May 8) and the number of elite hedge funds holding stakes in them in Q4 2025. Finally, we ranked the stocks in ascending order based on Navellier & Associates equity stakes in the stocks.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research shows 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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
Top Tech Stocks in Louis Navellier’s Portfolio
10. Amazon.com, Inc. (NASDAQ:AMZN)
Stock Upside Potential: 17.36%
Navellier & Associates Equity Stake: $3.86 Million
Number of Hedge Fund Holders: 381
Amazon.com (NASDAQ:AMZN) is one of the top tech stocks in Louis Navellier’s portfolio. On May 11, Bloomberg reported Amazon.com (NASDAQ:AMZN) plans to issue Swiss franc bonds to fund artificial intelligence spending. The tech giant has reportedly engaged the services of BNP Paribas, Deutsche Bank, and JPMorgan Chase as it considers a six-part Swiss franc bond sale with maturities ranging from three to twenty-five years.
Amazon joins other tech companies that have issued bumper-sized bonds to diversify beyond dollar-denominated debt and raise much-needed capital for AI infrastructure development. Alphabet has already raised $3.9 billion in Swiss bonds to fund its AI efforts. Tech giants are turning to the Swiss market for debt as they plan to invest $725 billion in AI data center equipment, among other expenditures, this year.
Similarly, Amazon is strengthening its prospects in the pharmaceutical sector by adding Novo Nordisk’s Ozempic pill for the treatment of type 2 diabetes to its kiosks and same-day delivery. It is to offer same-day delivery in 3,000 locations, with plans to expand to 4,500 by year’s end. Ozempic addition follows the early-year inclusion of Novo Nordisk’s weight-loss drug Wegovy, as the company looks to capitalize on the growing opportunity in diabetes treatment and weight-loss management.
Amazon.com, Inc. (NASDAQ:AMZN) is a diversified technology company and retail giant focused on e-commerce, cloud computing, digital streaming, and artificial intelligence. It operates the world’s largest online marketplace, provides infrastructure via AWS, produces entertainment content, and develops consumer electronics like Kindles and Alexa-enabled devices.
9. Microsoft Corporation (NASDAQ:MSFT)
Stock Upside Potential: 33.09%
Navellier & Associates Equity Stake: $6.56 Million
Number of Hedge Fund Holders: 312
Microsoft Corporation (NASDAQ:MSFT) is one of the top tech stocks in Louis Navellier’s portfolio. On May 6, Stifel reiterated its Hold rating on Microsoft Corporation (NASDAQ:MSFT) and a $415 price target. The cautious outlook is in response to the company’s “leases not yet commenced” reaching $196.6 billion.
The leases have more than doubled over the past nine months and are expected to have a significant impact on future financial results. Like other cloud vendors, the software giant has turned to finance leases for AI cloud infrastructure due to the scale, size, and rapid growth in demand for AI cloud workloads. Stifel maintains a Hold rating on Microsoft due to concerns that leases have a material impact on interest expense, which acts as a headwind to earnings-per-share growth.
On the other hand, Bloomberg reports that Microsoft is considering delaying or abandoning its 2030 target of matching 100% of electricity use with renewable energy purchases. That’s because the hour-by-hour matching commitment was more ambitious than the company’s target of buying enough renewable energy.
Microsoft Corporation (NASDAQ:MSFT) is a leading global technology company that develops, licenses, and supports a wide range of software, hardware, services, and AI solutions. Its main business includes cloud computing (Azure), operating systems (Windows), productivity software (Microsoft 365), and gaming (Xbox).