BY MICRONEWSS.COM
IN THE UPCOMING TIME AI IS THE LARGE SOURCE OF IN COME .
There has been no dearth of big investments in the last 30 years. These include the Internet, electronic business between enterprises and genomics, as well as investments in electric vehicles, 3D printing, cloud processing and even Indian hemp. At the same time, there is no investment opportunity that would attract investors, as well as Artificial Intelligence (AI).
Artificial intelligence involves the use of software and operating systems to manage tasks that humans do. The ability to learn and improve over time is what makes AI so interesting. This power of machine learning drives AI applications beyond technology and is why Grand View Research predicts that the global AI market will grow exponentially at 37.3% annually from 2023-2030.
The long-term opportunities of artificial intelligence are not lost on Wall Street's biggest investors either. Thanks to quarterly 13F filings required with the Securities and Exchange Commission, ordinary investors can see what Wall Street's brightest minds bought and sold in the most recent quarter. Not surprisingly, AI stocks were on the list.
The long-term opportunities of artificial intelligence are not lost on Wall Street's biggest investors either. Thanks to quarterly 13F filings required with the Securities and Exchange Commission, ordinary investors can see what Wall Street's brightest minds bought and sold in the most recent quarter. Not surprisingly, AI stocks were on the list.
NIVIDIA
The first company that billionaire AI stock managers can't stop buying is semiconductor solutions maker Nvidia (NASDAQ:NVDA). In the fourth quarter, billionaire Ken Griffin of Citadel Advisors boosted his fund's stake in Nvidia by more than 500% by buying nearly 1.59 million shares. Meanwhile, billionaire added 1.25 million shares.
The hype surrounding Nvidia and AI is mostly about its hardware. It is a company well known as a leading supplier of graphics processing units (GPUs) to the gaming industry as well as enterprise data centers.
Microsoft
The other AI stock that has caught the attention of billionaire investors on Wall Street is tech stock Microsoft (NASDAQ:MSFT). Billionaire Jeff Yass of Susquehanna International, Dan Loeb of Third Point and the aforementioned Philippe Lafont of Coatue bought 2.58 million shares, 1.18 million shares and just 1.14 million shares in Microsoft during the fourth quarter.
CrowdStrike Holdings
The third artificial intelligence stock Wall Street billionaires can’t stop buying is CrowdStrike Holdings (NASDAQ: CRWD). The fourth quarter saw billionaires Ken Griffin of Citadel, Jim Simons of Renaissance Technologies, John and David Siegel of Two Sigma Investments, and Ole Andreas Halvorsen of Viking Global Investors, all pile into CrowdStrike. Respectively, these billionaires added nearly 827,000 shares, around 585,000 shares, close to 469,000 shares, and more than 415,000 shares.