Reported 11 months ago
As Nvidia sees high expectations priced in, billionaires are turning to Alphabet (NASDAQ: GOOGL) for artificial intelligence (AI) investments. Hedge funds managed by Ray Dalio's Bridgewater Associates, Chase Coleman's Tiger Global Management, and George Soros' Soros Fund Management increased their positions in Alphabet in the first quarter. Alphabet stands to benefit from AI through advertising and Google Cloud, offering a reasonably priced stock with potential for business gains, making it a better choice for less risky exposure to AI compared to Nvidia.
Source: YAHOO