23/7/2024, 3:08:03 pm

Forget Nvidia: Billionaires Are Buying Up This Winning AI Stocks

Alphabet, the parent company of Google, is the most widely owned megacap tech stock among billionaire-run hedge funds, with 11 of the top 16 holding shares. In the first quarter, 1,993 institutional investors added shares of Alphabet, surpassing the 1,693 who added Nvidia shares. Alphabet's cash-rich, high-margin business generates massive revenue from Google Services.