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Several billionaire money managers have modified their portfolios and poured about $1.8 billion into new assets, according to a new report.
Bạn đang xem: Billionaires Pour ~$1,777,000,000 Into Three Assets in Major Portfolio Overhaul: Report
Billionaires Philippe Laffont, Stanley Druckenmiller, Chase Coleman, Stephen Mandel and Larry Robbins are accumulating AI-centered equities, reports The Motley Fool.
Xem thêm : Top 3 Dividend Stocks To Enhance Your Portfolio
The investors have specifically targeted US semiconductor and software giant Broadcom (AVGO), purchasing a total of 1,728,646 shares valued at about $1.47 billion in the third quarter of last year.
The firm’s AI revenue has surged in recent months, powering a 125% rise in the stock over the last year.
The wealthy investors have also purchased roughly 1,749,613 shares of Amazon, worth about $245 million, as the company’s cloud platform Amazon Web Services (AWS) implements generative AI solutions for customers.
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Lastly, the billionaires have bought 621,445 shares of Taiwan Semiconductor Manufacturing (TSM), worth about $62 million, betting on the world’s largest chip manufacturer.
The billionaires’ new plays in artificial intelligence come as analysts at PwC forecast the total addressable market for AI will hit $15.7 trillion by 2030, as the groundbreaking technology transforms business and manufacturing worldwide.
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