Two Artificial Intelligence Stocks That Billionaires Are Betting On
In the world of artificial intelligence, two stocks have caught the attention of billionaire investors, who are shifting their focus away from Nvidia. Ken Griffin of Citadel Advisors and Philippe Laffont of Coatue Management have sold millions of shares of Nvidia, opting instead to invest in Amazon and Taiwan Semiconductor.
Amazon, now Griffin’s largest holding, has been bolstering its position in the retail space with a robust logistics network. Its dominance has also made it the third-largest ad tech company in the US, with potential to surpass Meta Platforms by the end of the decade. Moreover, Amazon Web Services (AWS) leads the market in cloud infrastructure and platform services, placing the company at the forefront of AI development.
Taiwan Semiconductor, on the other hand, is the world’s largest dedicated chipmaker, accounting for 62% of foundry revenue in the June quarter. Its scale and heavy R&D spending enable the company to consistently build smaller, faster, and more power-efficient chips. With a strong presence in the AI chip market, Taiwan Semiconductor has become the go-to choice for companies like Apple, Broadcom, and Nvidia.
Wall Street analysts highly recommend both Amazon and Taiwan Semiconductor, with 95% and 98% buy ratings, respectively. The median price targets imply 18% and 15% upside from their current share prices.
Investors may want to consider following in the footsteps of these billionaire investors, as Amazon and Taiwan Semiconductor are poised for continued growth in the AI space. With strong financial results and a competitive edge, these two stocks could be lucrative additions to any portfolio.
Leave a Reply