Artificial intelligence (AI) has been slowly gaining ground for decades, but recent advancements helped the technology reach trending status. Generative AI, which underpins next-generation chatbots, including ChatGPT, is now part of the public zeitgeist and investors see an opportunity for profits.

The next stage of AI expansion could be both far-reaching and lucrative. Analysts at Goldman Sachs peg the opportunity at $7 trillion by 2030, while Morgan Stanley analysts estimate it at roughly $6 trillion. While no one knows for sure how big AI will be, it's clear the opportunity is significant.

Even some of Wall Street's most notable hedge funds and billionaires are scooping up shares of AI-related stocks, intent on not missing out on the current AI boom. Let's look at two stocks billionaires are buying hand over fist.

Continue reading

Source Fool.com