5 Best 52-Week Low NASDAQ Stocks to Buy According to Billionaires Farooq Fri, November 6, 2026 at 11:05 PM EST 9 min read ^IXIC CRWV INIO CBRS CORZ Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Scan the Nasdaq stocks hitting 52-week lows this week and a pattern jumps out: many of the biggest names build, power or rent space for artificial intelligence. Few of these businesses are shrinking. Several reported record revenue in recent weeks, and their shares kept sliding anyway.
The reason has less to do with earnings than with money and politics, and both turned sharply worse over the past month.
The first shock came from the bond market. CRWV has taken on more than $51 billion of debt and obligations to build its AI infrastructure, CNBC reported on October 15. By October 21, CNBC said, its shares were down 36% for the month, and the spread on its five-year credit default swaps, a measure of the cost of insuring its debt, had reached 1,145 basis points. Barclays credit analyst Andrew Keches told clients that sentiment toward AI bonds was "decidedly negative."
Readers weighing the pullback can read our analysis of whether CRWV's recent drop is a buying opportunity.
More pressure followed. Elon Musk said more than 200 neoclouds, the companies that rent out AI computing power, would see "guppy-level death and consolidation," CNBC reported on October 26. Two days later, Microsoft reported capital spending below analyst estimates and said some third-party capacity it expected had been delayed, CNBC reported on October 28. Neocloud stocks fell again.
Then came the election. Reuters reported on November 4 that Wall Street closed sharply higher after Democrats won Congress, but data center shares fell on fears of tighter AI regulation. Democrats made gains in Texas and Georgia, where public opposition to the industry's rapid expansion has been growing.
The market split in two. Shares of cash-rich AI heavyweights rose, while chipmakers and data center operators fell: Hut 8 lost 23%, IREN 11%, Core Scientific 10% and Applied Digital 6.7%. Citi Research's head of US equity strategy, Scott Chronert, said any change in the pace of the buildout alters the outlook for many of those suppliers.
We also wrote about how leverage turned an AI bet into a fire sale for one fund.
The pressure carried into the next day. UBS analysts estimated that around 30% of expected US data center capacity additions in 2028 could be at risk from potential construction pauses, Reuters reported on November 5. Large technology companies, by contrast, rose on the view that a slower buildout would curb their own spending, Reuters said.
We just shared the expanded list of 10 Best 52-Week Low NASDAQ Stocks to Buy According to Billionaires here. You can find the top 5 stocks below.
For this article, we used Finviz to screen for NASDAQ-listed stocks that hit a new 52-week low as of November 5, 2026. We then checked how many of the 107 billionaires we track held each stock as of Q2 2026, and ranked the 10 with the most billionaire holders in ascending order. We also list each stock's number of hedge fund holders as of Q2 2026, from our database of 1,006 hedge funds.
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Number of Billionaire Holders: 19
Number of Hedge Fund Holders: 55
INNIO's stock tumbled after the best quarter in its history. The company makes the gas engines that let a data center generate its own power instead of waiting years for a grid connection, so a slower buildout hits it directly. Reutersreported that UBS analysts estimate about 30% of expected US data center capacity additions in 2028 could be at risk from construction pauses, a worry that grew once Democrats won Congress.
The bulls' case sits in the order book. Revenue rose 57% to a record $1.2 billion, and the equipment backlog reached $8.0 billion, with most of the growth coming from data center deliveries. Management raised its full-year outlook. Chief executive Olaf Berlien said the company is scaling capacity to meet accelerating demand for AI infrastructure, and a 620-megawatt follow-on order from a data center developer came in during the quarter. Bulls add that even if some projects pause, a backlog of that size gives the company a long runway of deliveries already committed.
For more on who is buying those engines, see our piece on a 450-megawatt order for INNIO's gas engines.
Number of Billionaire Holders: 21
Number of Hedge Fund Holders: 78
Cerebras fell after a single report. Research firm SemiAnalysis said OpenAI would run the "Ultrafast" mode of its newest model on Nvidia chips instead of Cerebras hardware, and CNBC reported that the stock dropped nearly 20% that week, to its lowest since the May IPO, as insider lockups expired and more shares reached the market. OpenAI is a large piece of Cerebras's future, so the news stung. OpenAI chief executive Sam Altman soon responded by calling Cerebras a close partner.
Bulls lean on what is already contracted. At the end of June, Cerebras held $25.4 billion in contracted work still to be delivered, and its core revenue of $209.9 million more than doubled from a year earlier. Its cloud business grew 287%, and management said it plans to more than triple revenue in 2027. AWS, AMD and CrowdStrike are among its customers and partners, which widens the list beyond OpenAI. Bulls add that Altman's response suggests the relationship with its biggest customer remains intact despite the headline.
That backlog is the subject of our look at how Cerebras could turn it into high-margin growth.
Number of Billionaire Holders: 23
Number of Hedge Fund Holders: 71
CoreWeave's problem is the price of money, not a lack of customers. The company rents out Nvidia chips and has taken on more than $51 billion of debt and obligations to build capacity. Bond yields near 15% and a jump in the cost of insuring that debt helped drive the stock down 36% in October, CNBC reported. Neocloud shares, which Reuters called a barometer of worry over AI spending, slid again after the midterm elections.
Bulls keep pointing to what customers have already signed. Second-quarter revenue rose 112%, and revenue backlog stood at about $104 billion, a figure that left out more than $25 billion in new commitments added early in the third quarter. Nvidia, which supplies the chips, also invested in the company in January. Management raised its 2026 revenue forecast, so the debate now is how fast those contracts can turn into cash. Bulls add that the backlog gives lenders something concrete to underwrite, which they argue should ease the funding pressure over time as customers begin paying.
Whether that balance sheet can carry the load is a question we explored for CoreWeave.
Number of Billionaire Holders: 24
Number of Hedge Fund Holders: 75
Core Scientific touched a 52-week low on the very day it reported third-quarter results. The company is turning former bitcoin mines into data centers that lease power and space to AI customers, and that conversion eats cash. Capital spending reached $985.1 million in the quarter. When data center stocks tumbled after the midterm elections, Core Scientific fell 10%, Reuters reported.
The bulls' answer is that the spending is turning into revenue. Colocation revenue jumped nearly 60% from the prior quarter to $215.4 million, and adjusted EBITDA more than tripled. The company is billing for 485 megawatts of capacity. Chief executive Adam Sullivan said the first colocation agreement is nearing full delivery while construction under a second is underway across five campuses, so contracted capacity still to be delivered keeps the growth going. Bulls add that this scale of billable capacity shows the conversion strategy works in practice, not only on paper. They argue that heavy spending is the price of getting capacity online, and that revenue from leases is now starting to catch up with the outlay.
We recently looked at why Core Scientific keeps buying more power.
Number of Billionaire Holders: 24
Number of Hedge Fund Holders: 65
Sterling Infrastructure delivered a record quarter and still watched its shares fall, which says a lot about where investor worry sits right now. The company clears land and does the electrical work for data centers, chip plants and factories, so its fortunes follow the AI buildout. Reuters reported that when Democrats won Congress, with gains in Texas and Georgia where opposition to data centers has been growing, operators and suppliers of the buildout sold off on fears of a slower pace.
Bulls say the business itself has not changed. Third-quarter revenue rose 127%, and combined backlog, which includes awards not yet signed, reached $6.14 billion. Management raised its 2026 outlook and counts nearly $8 billion of scoped work once the next phases of current projects are included, which it says gives years of visibility. Chief executive Joe Cutillo credited strong demand and disciplined execution for the results. Bulls add that a backlog of that size, paired with a raised outlook, suggests the pullback reflects sentiment rather than the work in hand.
Our ranking of the best AI infrastructure stocks to hold for the long term covers more of the group.
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