Billionaire Money Managers Have Chosen Their Favorite AI Stock (and It's Not Nvidia or Alphabet)
A dual-industry leader is the most common top-four holding for six of the savviest billionaire investors.
Billionaire Money Managers Have Chosen Their Favorite AI Stock (and It's Not Nvidia or Alphabet)
Overview
Over the last four years, no trend has played a bigger role in lifting Wall Street's major stock indexes to new heights than the artificial intelligence (AI) revolution. Arguably, no companies have been more foundational to the evolution of AI than Nvidia (NASDAQ: NVDA) and Google parent Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG).
But quarterly Form 13F filings with regulators tell a different story. Billionaire money managers have, as a whole, been sellers of Nvidia and Alphabet, and have decisively chosen Amazon (NASDAQ: AMZN) as their favorite AI stock.
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Details
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Originally published at www.fool.com.
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