Reported 5 months ago
The article discusses how artificial intelligence (AI) is poised to be a significant driver of economic growth, with projections estimating a $15.7 trillion boost to the global economy by 2030. Despite Nvidia benefiting from the AI trend, eight billionaire investors sold shares in the company during the first quarter due to concerns such as potential competition from other tech giants and the risk of an AI bubble bursting. Instead, billionaires turned to investing in AI growth stocks like CrowdStrike Holdings and Palantir Technologies, which offer AI-driven cybersecurity and data-mining solutions, respectively, attracting investors with their unique operating models, growth potential, and strong balance sheets.
Source: YAHOO