NetEase, Inc. (NASDAQ:NTES) is not on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 41 hedge fund portfolios held NetEase, Inc. (NASDAQ:NTES) at the end of the first quarter which was 36 in the previous quarter. In the first quarter of 2024, NetEase, Inc. (NASDAQ:NTES) reported a net revenue of RMB26.9 billion, a year-over-year increase driven by its exceptional and diversified gaming portfolio. While we acknowledge the potential of NetEase, Inc. (NASDAQ:NTES) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.