Top billionaires are buying AI stocks like Nvidia, Meta Platforms, and Alphabet, expecting continued growth.

From Nasdaq: 2024-04-27 03:05:00

Jim Simons, Ray Dalio, and Israel Englander are billionaires with successful hedge funds that have made many investors rich. They all own the same tech stocks, including Nvidia, Meta Platforms, and Alphabet, which have been top performers in the market.

Nvidia, known for its GPUs used in AI, is a top holding for these investors. It has seen a 82% jump in Q1, making it a lucrative investment. Other tech stocks like Meta Platforms and Alphabet, which have also surged recently, are favored by these hedge funds as well.

Hedge fund ownership doesn’t guarantee outperformance, but tracking their moves can offer insights for investors. Following the 13F filings in mid-May will reveal any changes in these stocks’ ownership, with expectations that they will remain top holdings among big hedge funds.



Read more at Nasdaq: 3 Top Artificial Intelligence (AI) Stocks That Billionaires Jim Simons, Ray Dalio, and Israel Englander Are Buying