These Billionaires Made Big Bets on These AI Stocks, but Should You Buy Them?
With the major market indexes sitting close to new highs, some of the most prominent billionaire investors continue to favor well-entrenched industry leaders that are involved in artificial intelligence (AI).
Chase Coleman's net worth is estimated at more than $5 billion, according to Forbes. His firm, Tiger Global Management, continues to hold a stake in Nvidia (NASDAQ: NVDA), the leading supplier of AI chips, which has delivered a 447% return to shareholders over the last 18 months.
Andreas Halvorsen is CEO of Viking Global Investors and has a net worth estimated at more than $7 billion. The firm oversees a multibillion-dollar stock portfolio, and its largest investment in the second quarter was Amazon (NASDAQ: AMZN).
Source Fool.com