Reported 6 months ago
The article discusses billionaire investors shifting their focus from Nvidia, a leading Artificial Intelligence (AI) company, to other 'Magnificent Seven' stocks with long-term potential. While Nvidia has been favored in the AI revolution, recent data shows billionaires selling Nvidia shares and investing in stocks such as Amazon, driven by factors like AI regulation concerns, pricing power challenges, and internal competition. These billionaires see robust potential in Amazon's ancillary segments like AWS, Prime subscriptions, and advertising for future growth and cash flow expansion.
Source: YAHOO