AI Spending Could Soar 500%: 2 Brilliant AI Stocks Billionaires Are Buying

Grand View Research expects spending across artificial intelligence (AI) infrastructure, software, and services to increase 550% between 2024 and 2030, creating an enormous opportunity for investors. Two billionaire-led hedge funds with excellent track records bought stock in Nvidia (NASDAQ: NVDA) and Palantir Technologies (NASDAQ: PLTR) in the second quarter, as detailed below:Importantly, Citadel and D.E. Shaw are the two most profitable hedge funds in history as measured by net gains since inception. That means both portfolios are good sources of inspiration for individual investors. Here's what you should know about Nvidia and Palantir.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool