Billionaire Money Managers Have Chosen Their Favorite AI Stock (and It's Not Nvidia or Alphabet)
Key takeaways
- NVDA GOOG AMZN 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.
- But quarterly Form 13F filings with regulators tell a different story.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
NVDA GOOG AMZN 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.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »