Billionaire Money Managers Are Selling Nvidia Stock Hand Over Fist, With One Notable Exception
One growth-focused billionaire investor is bucking the trend and adding to his fund's stake in artificial intelligence (AI) leader Nvidia.
For the last two and a half years, no trend has captivated more attention or capital from investors than artificial intelligence (AI). With AI, software and systems are capable of making split-second decisions without the need for human intervention.
This is a technology with seemingly limitless long-term potential. With AI offering some form of utility in virtually all industries around the globe, the analysts at PwC pegged its worldwide impact on gross domestic product by 2030 at $15.7 trillion. A figure this massive ensures there will be a long list of winners.
No company has been a more direct beneficiary of the evolution of AI than Nvidia (NASDAQ: NVDA), whose market cap skyrocketed by more than $3 trillion in less than two years.
