From Nasdaq: 2024-04-01 04:41:00

The artificial intelligence (AI) revolution is expected to add more than $15 trillion to global GDP by 2030. Nvidia is a top performer, dominating AI-accelerated data centers with its GPUs. However, some billionaire investors are selling off Nvidia stock due to concerns about pricing power decline and competition from AMD and Intel in AI-GPUs.

On the other hand, billionaire investors are bullish on hypergrowth AI stocks CrowdStrike Holdings and Snowflake. CrowdStrike offers subscription-driven cybersecurity solutions with high retention rates and strong upselling capabilities. Snowflake, a cloud data-warehousing company, benefits from early-stage enterprise cloud and AI spending expansion. However, its revenue growth has slowed, leading to concerns about valuation.

These investments are being closely watched on Wall Street as they represent key opportunities in the growing AI sector. Investors are advised to carefully consider risks and potential rewards before making any decisions. The Motley Fool Stock Advisor team recommends diversifying investments and staying informed on the latest market trends.



Read more at Nasdaq: Forget Nvidia: Billionaires Are Selling It and Buying These 2 Hypergrowth Artificial Intelligence (AI) Stocks Instead