2 Artificial Intelligence (AI) Stocks Billionaires Are Buying Hand Over Fist

Core Insights - AI stocks have gained significant traction in the stock market following the launch of ChatGPT, benefiting investors including billionaire hedge fund managers [1] Group 1: Microsoft - Microsoft has become a favored choice among AI investors due to its partnership with OpenAI, having invested approximately $13 billion [2] - The company has integrated OpenAI's technology into various products, leading to strong financial performance in the first quarter [2] - Notable investors such as Stanley Druckenmiller, Steven Cohen, and Ray Dalio have increased their stakes in Microsoft, with Cohen doubling his investment by adding 566,749 shares [3] Group 2: Alphabet - Alphabet has positioned itself as a key competitor to Microsoft in the AI space, launching its own AI chatbot, Bard, and later replacing it with Gemini [4] - The company has a long history of AI investment, acquiring DeepMind nearly a decade ago, and has recently adapted its AI strategy in response to market pressures [4] - Significant purchases of Alphabet stock in the first quarter were made by investors like Chris Hohn, Paul Tudor Jones, and Jeremy Grantham, with Grantham's stake now exceeding $1 billion [5] Group 3: Market Outlook - Given their substantial market presence and leadership in technology, Microsoft and Alphabet are expected to continue attracting investments from top investors and remain leading AI stocks [6]