Billionaire Money Managers Favor an Unexpected AI Stock Over Nvidia and Palantir
Wall Street's billionaire investors are pivoting away from high-profile AI stocks like Nvidia and Palantir, despite their staggering gains. Nvidia's shares have surged 1,150% since 2023, while Palantir has skyrocketed 2,810%. Yet, quarterly 13F filings reveal a surprising preference for another market-leading AI company.
The shift underscores a calculated bet on long-term value over hype. PwC's projection of a $15.7 trillion AI market by 2030 hasn't deterred these fund managers from cashing out of volatile outperformers. Their undisclosed favorite now commands the spotlight as institutional strategies evolve.