Forget Nvidia: Billionaires Are Selling It and Buying 2 Top Artificial Intelligence (AI) Stocks Instead
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Several billionaire hedge fund managers, including Israel Englander, Steven Cohen, and David Tepper, have sold down their positions in Nvidia while purchasing other AI stocks. They have bought shares of Amazon and HubSpot, two companies that have a strong presence in certain AI markets and are leaning into AI product development. Amazon is using AI to improve its e-commerce, digital advertising, and cloud computing businesses, while HubSpot is adding AI capabilities to its CRM platform. Both companies reported strong financial results in the fourth quarter. Wall Street analysts expect Amazon to grow sales at 11% annually over the next five years, and HubSpot to grow sales at 17% annually. Investors are advised to consider buying a small position in these AI stocks.

#Nvidia #ArtificialIntelligence #AiStocks #Amazon #Hubspot #HedgeFundManagers

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