Hedge fund and investment managers have identified opportunities in Nvidia, Disney and ASML despite heightened market volatility and a sharp selloff in technology stocks, according to a report by Bloomberg.

EFM Asset Management's John Wylie highlighted Nvidia as an attractive opportunity following the recent decline in semiconductor stocks. He noted that the chipmaker's earnings multiple has more than halved over the past year, even as revenue growth expectations for its AI data centre business have roughly doubled. Nvidia shares fell 9.3% on Thursday amid concerns over AI infrastructure spending and potential regulatory intervention.

Milford Asset Management's Andrew Curtayne also backed the semiconductor sector, selecting Dutch chip-equipment manufacturer ASML. He pointed to the company's dominant position in extreme ultraviolet lithography technology, which is essential for manufacturing advanced semiconductors, as a significant competitive advantage despite recent weakness in technology shares.

Elsewhere, Antipodes Partners portfolio manager Vihari Ross recommended Walt Disney, citing improving profitability in its streaming operations, strong cash generation from sports broadcasting and growth potential in its cruise business. Indus Capital's John Pinkel selected Japanese confectionery producer Kotobuki Spirits, while Cymer Capital's Samantha D'Amore highlighted Fast Retailing, citing the Uniqlo owner's expansion opportunities in the US and Europe.

In energy and commodities, Marathon Resource Advisors' Robert Mullin identified Harbour Energy as undervalued, estimating upside of approximately 86% from its previous closing price. Terra Capital's Jeremy Bond backed Canadian gold miner G Mining Ventures, forecasting production growth of 300% over the next two years as its Brazilian operations expand.

Other investment ideas included South Korean water purification company Coway, selected by Northcape Capital, and US wealth manager LPL Financial, recommended by Azora Capital's Ravi Chopra. The range of stock picks highlights managers' search for opportunities across technology, consumer businesses, financial services and commodities as concerns over AI valuations and changing US policy drive increased market volatility.