Top billionaire money managers have been active in the AI space, with some notable changes in their portfolios highlighted in the recent Form 13F filings. While some investors have reduced their holdings in Nvidia, others have opted to build positions in AI-focused stocks.
Nvidia, a leader in AI-powered GPUs, saw prominent investors like Philippe Laffont and Ken Griffin selling off millions of shares during the first quarter. The concern may be related to the potential risks associated with the rapid growth of AI and the competition that Nvidia faces in the market.
On the other hand, investors like Laffont and Griffin have been buying shares of companies like Broadcom and Salesforce, which are making strides in AI-related solutions. Broadcom’s networking solutions and Salesforce’s CRM software leverage AI to improve performance and drive growth in their respective sectors.
Meanwhile, Ken Griffin’s Citadel Advisors added shares of Amazon and Apple during the same period, further reinforcing the trend of prominent investors shifting their focus towards AI-driven stocks. Both Amazon and Apple have been investing heavily in AI technologies to enhance their products and services, capturing significant market share in their respective industries.
Overall, the 13F filings reveal a strategic repositioning by billionaire money managers in the AI space, shedding light on the shifting landscape of tech investments. With AI expected to play a central role in shaping the future of various industries, investors are closely monitoring these developments and adjusting their portfolios accordingly.
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https://www.fool.com/investing/2024/06/20/forget-nvidia-billionaires-sell-it-buy-4-ai-stocks/