AI Revolution: 2 Artificial Intelligence Stocks Billionaires Are Buying Hand Over Fist
While artificial intelligence (AI) has been quietly making headway for decades, recent advances in the field have captured the public spotlight. The debut of next-generation chatbots, including ChatGPT, has resulted in a mad dash by businesses to realize the productivity gains made possible by generative AI. Investors, seeing the resulting frenzy, sense the opportunity to turn a profit and are scrambling to take advantage of the current AI gold rush.
The next stage of AI adoption could be incredibly lucrative and widespread. Cathie Wood's Ark Investment Management has crunched the numbers and estimates that AI software could represent a $14 trillion revenue opportunity by 2030. More conservative estimates from Morgan Stanley and Goldman Sachs peg the opportunity at $6 trillion and $7 trillion, respectively, by the end of the decade. Whatever the case, the opportunity is vast.
Even some of Wall Street's most notable billionaire investors are scooping up shares of AI-centric stocks, reluctant to miss out on the current AI revolution. Let's look at two stocks that billionaires have been buying hand over fist.
Source Fool.com
