The billionaires have not missed the history of artificial intelligence (AI). The managers of some of the greatest funds in the world have stacked in this area of popular growth, investing in actions that have fueled gains in the three main indices.
Last year, the S&P 500 and the NASDAQ increased by 23% and 28%, respectively, and the industrial average of Dow Jones added 12% thanks to the excitement for this technology.
And one of the most sought after actions was Nvidia (Nvda -3.67%))A player who has been roaring above since the first days of the AI boom. The stock climbed 171% last year only.
This is the main designer of the ia flea, which helped the company’s income to set up the quarter of the recordings after the quarter. This AI star was one of the four most popular technological actions of An analysis of homogeneous iquets Last year of 16 hedge funds managed by billionaires.
But Nvidia is not the only company that currently benefits from AI boom. Amazon (Amzn 1.30%))Through its Amazon Web Services (AWS) cloud unit, sells a wide variety of AI IA products and services, which has helped AWS declare an annualized income rate of $ 110 billion. Actions increased by 44% last year.
Although these two actions are important devices in many investor portfolios that have been successful in recent times, billionaires have bought one and sold the other.


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An overview of the spirit of billionaires
Managers supervising $ 100 million or more must submit a report each quarter detailing their investment movements, and These forms 13F Give us an overview of the minds of some of the best investors in the world. The copy of each of their movements is not realistic, and some purchases or sold may not even align with your strategy or your style of investment.
But an overview of the 13F window on what billionaires could offer us precious information – and certain investment ideas – because they have proven their knowledge of the market over time. And in recent times, the billionaires have bought Amazon and sold Nvidia.
In the third quarter, Caxton Associates of Bruce Kovner, Lone Pine Capital of Stephen Mandel Jr., and the management of Cotue of Philippe Laffont each added to their Amazon actions. Caxton made a particularly important decision, increasing its Amazon with more than 400%, and it now represents 10%of the portfolio, against a little less than 2%.
At the same time, Stanley Druckenmiller from the Duquesne family office sold all of his Nvidia sharing, and David Tepper of Appaloosa and Laffont de Cotue has reduced their positions in the higher designer of fleas.
Of course, these movements do not necessarily mean that Nvidia’s growth is over. Druckenmiller even declared in an interview with Bloomberg that he regretted his sale of the action and would consider buying it again if the price was correct.
In many cases, investors lock the profits on Nvidia and are looking for other players who may have a lot to gain in the next AI growth wave. And this company can be Amazon.
AI scores are gaining in electronic commerce and cloud computing
Amazon is Win in AI in two ways. The company’s electronic commerce operation has become more effective thanks to its investment in technology.
For example, robotics fueled by AI has rationalized operations in the realization centers. And this helps reduce costs, allowing him to continue to offer low prices to customers while generating solid profit. This is immediately positive for profits and should increase the benefits on the road as customers, loving these low prices, let’s come back to return.
But where Amazon can mark the greatest victory is in Cloud Computing. As mentioned, AWS sells a massive portfolio of AI products and services, and this already has growth in supercharged income.
Now, while we are entering the era of the agency, Amazon could play a major role. The agency AI is software that can reason and apply a solution to a problem, allowing the progress we have seen so far in technology to be applied to the real world.
It is considered stimulating a brand new wave of AI growth. And AWS, with its platform for the construction of agentic AI, could become one of the big winners.
Thus, billionaires who bought Amazon shares can prepare for additional AI gains this year and in the years to come. And the good news is that you don’t need to be a billionaire, drop Nvidia or revise your strategy to potentially mark a victory. Instead, simply add a few Amazon actions to your wallet and keep when this AI growth story goes into the next exciting steps.
John Mackey, former CEO of Whole Foods Market, a subsidiary of Amazon, is a member of the board of directors of Motley Fool’s. Adria Cimino has positions in Amazon. The Motley Fool has positions and recommends Amazon and Nvidia. The Word’s madman has a Disclosure policy.