Reported 6 months ago
Billionaire investor Dan Loeb recently made significant investments in two "Magnificent Seven" artificial intelligence (AI) stocks, Amazon and Alphabet. These moves suggest Loeb's bullish stance on AI. Amazon's diversified business model and investments in AI technologies, such as Anthropic and data centers, position it as a leader in the AI landscape. On the other hand, Alphabet's large data assets and cloud computing business make it a rising star in AI. Both companies offer long-term growth potential in the AI sector, with Amazon's stock being regarded as a bargain and Alphabet's stock trading at a discount compared to its peers in the AI space.
Source: YAHOO