Top hedge fund managers prefer Amazon and Microsoft over Nvidia for long-term growth in AI

From Nasdaq, Inc.: 2024-07-14 05:30:00

Investors are following the money to AI stocks, with Nvidia soaring. However, top hedge fund managers favor Amazon and Microsoft, with Amazon being the largest holding for Cohen and England. While Nvidia comes close, Meta Platforms also ranks high. Consider investing in Amazon and Microsoft for long-term growth driven by AI.

Forbes lists the wealthiest hedge fund managers of 2023. Jim Simons topped the list, with a net worth of $28.1 billion before his passing. The top 10 include names like Ken Griffin and Ray Dalio, with most heavily invested in AI stocks like Amazon and Microsoft, providing insight for other investors.

While the top hedge fund managers favor Amazon and Microsoft, Nvidia remains a close runner-up with its GPU technology. Meta Platforms also ranks high among their holdings. The AI trend is clear, and the earnings of these tech giants should see significant growth, making them attractive options for investors looking for long-term gains.



Read more at Nasdaq, Inc.: Billionaire Hedge Fund Managers’ 2 Favorite Artificial Intelligence (AI) Stocks (Hint: Nvidia Isn’t 1 of Them)