Forget Nvidia: Billionaires Are Selling It and Buying These 2 Supercharged Artificial Intelligence (AI) Growth Stocks Instead
Since the advent of the internet roughly 30 years ago, there have been no shortage of next-big-thing investment trends and innovations that promised to change the growth arc for corporate America. Unfortunately, none have come close to their billed expectations. However, artificial intelligence (AI) appears ready to give the internet revolution a run for its money.
AI involves the use of software and systems in place of humans. In many instances, these systems have the ability to learn and evolve without human intervention. AI-driven software and systems becoming more proficient at their tasks, or perhaps even learning new tasks, gives the technology utility across almost every sector and industry. It's the driving force behind PwC's otherworldly estimation that AI can add $15.7 trillion to the global economy by 2030.
However, not all of Wall Street's brightest investment minds are in agreement on how best to play the AI revolution. Although no company has benefited more directly from the rise of AI than semiconductor behemoth Nvidia (NASDAQ: NVDA), the latest round of Form 13F filings that details trading activity during the March-ended quarter shows billionaires were, once again, headed for the exit.
Source Fool.com
