In Q2, fund manager Philippe Laffont increased his stake in Nvidia by 34%, signaling bullish momentum for the stock. Nvidia stands to benefit from U.S. export license approval for its China business and increased demand for GPUs in AI computing. This suggests further growth potential for the company in the AI sector.

Bill Ackman made a significant $1.28 billion investment in Amazon during Q2, making up 9.3% of his portfolio. Amazon’s cloud computing platform, AWS, is a key player in the AI space, offering computing power for AI workloads. With AWS contributing 53% to Amazon’s operating profits, Ackman’s bullish move on Amazon is promising.

Stanley Druckenmiller increased his stake in Taiwan Semiconductor by 28% in Q2, making it a top AI stock pick. TSMC is a key supplier of chips to tech giants like Apple and Nvidia, with revenue growing by 44% in Q2. As demand for AI computing power rises, TSMC’s growth potential in the AI sector remains strong.

Read more at Nasdaq: 3 Genius Artificial Intelligence (AI) Stocks Billionaires Are Buying That You Should Too