Forget Nvidia: Smart Money Is Selling It and Buying These 2 Roaring Artificial Intelligence (AI) Stocks Instead
The last 18 months have been very good for Nvidia (NASDAQ: NVDA).
The exploding demand for artificial intelligence (AI) applications since the launch of ChatGPT has pushed big tech companies to snap up Nvidia's GPUs as fast as it can make them. That's led to a huge rise in revenue and earnings for the chipmaker, and a commensurate increase in Nvidia's stock price. Shares are up 425% since ChatGPT's launch on November 30, 2022.
But some of the most influential members of the stock market think Nvidia's run may be overdone. Members of Congress and hedge fund billionaires alike are selling shares of Nvidia and buying two other AI stocks that may have more upside left in them. Should you follow the smart money and drop Nvidia stock?
Source Fool.com
