Many billionaire investors, like Warren Buffett, have successful track records in the stock market. Retail investors should not blindly follow them, but investigating stocks that multiple billionaires are buying can be a good idea. Hedge fund managers often have different strategies and time horizons, so retail investors should conduct their own due diligence.

Billionaire investors have been buying shares of Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL). Warren Buffett’s Berkshire Hathaway, Stanley Druckenmiller’s Duquesne Family Office, and Philippe Laffont’s Coatue Management all initiated positions in the tech conglomerate in the third quarter. Alphabet has shown resilience despite legal challenges and competition in the artificial intelligence space.

Alphabet trades at a relatively cheap valuation compared to other AI-related stocks. The company has diverse revenue streams beyond AI, including Google Cloud, YouTube, and Waymo. Retail investors can use billionaire investment moves as inspiration for new ideas but should always conduct their own research before making investment decisions.

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Read more at Nasdaq: Billionaires Are Buying This Stock Like There’s No Tomorrow