Our top pick in this list is Tesla, a visionary company led by Elon Musk, which is not only dominating the automobile and EV industry but also making significant strides in AI, particularly with its Tesla Robo Taxis project. Institutional activity is strong in Tesla, with influential figures like Cathie Wood backing the company’s potential, predicting a staggering $2,000 value per share by 2027.
Next on the list is NVIDIA Corporation, a powerhouse in AI chip-making with no major competitors in its field. Backed by 22 billionaire investors, including Stanley Druckenmiller, NVIDIA is well-positioned to solidify its dominance in the AI industry.
Salesforce.com (CRM) also stands out with its barrage of AI products and the backing of 26 hedge funds, including notable billionaires. The company’s innovative approach and focus on reducing costs add to its appeal in the AI investment realm.
Google, with 32 billionaire investors supporting it, is leveraging AI to enhance user experiences, and its strategic partnership with Priceline promises exciting developments in AI-based chatbots.
Last but not least, Amazon is leveraging its powerful AWS Cloud platform to offer cutting-edge AI applications, backed by the support of 31 billionaire investors. Despite some challenges in the AWS segment, Amazon’s AI prowess and retail dominance make it an attractive choice for investors.
While these stocks present appealing opportunities, it is always recommended for retail investors to conduct their research and make informed decisions. Following the footsteps of billionaires can provide valuable insights, but understanding the industry’s nuances is crucial for successful investing. Good luck in your investment journey!
Top 5 AI Stocks Billionaires Are Buying Every Month, Buy The Dip And Hold For 6 Months
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