AI stocks, including Broadcom and Amazon, are popular among billionaires for potential growth.

From Nasdaq: 2024-12-31 04:06:00

Artificial Intelligence (AI) stocks are on the rise, with a potential market of $15.7 trillion by 2030. PwC estimates a $6.6 trillion boost in global GDP from AI. Top investors are keeping an eye on AI stocks through Form 13Fs, with Broadcom being a popular choice due to its networking solutions and AI chip potential.

Broadcom, a favorite AI stock, is attracting billionaire investors like Philippe Laffont and Stanley Druckenmiller. The company’s AI revenue could surge to $60-90 billion by 2027. With diversified offerings beyond AI, Broadcom is seen as a safer bet than Nvidia in case of an AI bubble.

Taiwan Semiconductor Manufacturing is another AI stock favored by billionaires, like Chase Coleman and Stanley Druckenmiller. Taiwan Semi is crucial for increasing GPU production and has a strong position in the market. However, potential challenges from trade policies may impact its growth trajectory.

Amazon, a dominant e-commerce player, is attracting billionaire investors like Stephen Mandel and Larry Robbins. Amazon’s AI ties through AWS and its own AI chips are driving growth. While its valuation is a concern, its cash flow potential and market position remain strong for future growth opportunities.



Read more at Nasdaq: 3 Artificial Intelligence (AI) Stocks Billionaires Can’t Stop Buying Ahead of 2025