Billionaire Investors Are Investing in These 3 Major AI Stocks. Here's What You Need to Know
Billionaire investors like David Tepper and Bill Ackman have been buying shares of Alibaba, Alphabet, and Microsoft due to opportunities in artificial intelligence. Tepper increased his position in Alibaba by over due to the stock being discounted after regulatory issues between the US and China. More than 10% of Bill Ackman's portfolio is now in Alphabet shares after the company addressed concerns about falling behind in generative AI. Optimism in AI has helped shares in these companies rise over the past year.