Forget Nvidia: Billionaire Daniel Loeb Has 31% of His $8.7 Billion Portfolio in Just 4 Unstoppable Artificial Intelligence (AI) Stocks Instead

There's little question that one of the driving forces behind the ongoing bull market is the accelerating adoption of artificial intelligence (AI), and the poster child for that shifting paradigm is Nvidia. The company's graphics processing units (GPUs) provide the computational horsepower needed for AI and have quickly become the gold standard. As a result, Nvidia continues to deliver quarter after quarter of record-setting results, which has sent its stock price soaring.However, some investors are concerned that growing competition and the stock's lofty valuation make Nvidia increasingly risky. Consequently, these same investors are looking for other ways to profit from the AI revolution. One place to look for other ideas is among the holdings of successful hedge fund managers.One such money manager is Daniel Loeb. The billionaire heads up Third Point, the hedge fund he founded in 1995. Loeb turned seed money of just $3.4 billion -- raised from family and friends -- into a financial empire with assets under management of $12 billion.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool