3 Genius Artificial Intelligence (AI) Stocks Billionaires Are Buying That You Should Too

Core Insights - Monitoring billionaire hedge fund managers' stock purchases can provide valuable investment ideas, particularly in the context of trends like artificial intelligence (AI) [1][2] Group 1: Hedge Fund Managers and AI Investments - Three prominent hedge fund managers have recently increased their stakes in leading AI companies, indicating a growing momentum in the AI sector and potential for substantial profits [2] Group 2: Philippe Laffont and Nvidia - Philippe Laffont of Coatue Management increased his stake in Nvidia by 34% in Q2, reversing a trend of selling the stock over the previous three quarters, signaling confidence in Nvidia's momentum [4][5] - Nvidia is expected to benefit from regaining its China export business and record capital expenditures from AI hyperscalers, suggesting continued strong demand for its GPUs [6] Group 3: Bill Ackman and Amazon - Bill Ackman of Pershing Square Capital Management revealed a $1.28 billion stake in Amazon, representing 9.3% of his portfolio, highlighting a significant investment in a company with strong AI exposure through Amazon Web Services (AWS) [7][8] - AWS contributes significantly to Amazon's profitability, accounting for 53% of total operating profits in Q2, making it a strategic AI investment [8][9] Group 4: Stanley Druckenmiller and Taiwan Semiconductor - Stanley Druckenmiller of Duquesne Family Office increased his stake in Taiwan Semiconductor by 28% in Q2, making it the fifth-largest position in his portfolio and a major bet on AI [10] - Taiwan Semiconductor reported a 44% increase in revenue in U.S. dollars in Q2, positioning itself as a critical supplier for AI computing power, which is expected to drive further demand for its chips [11]