Billionaire Investors Shift from Nvidia to AI-Focused Amazon and Palantir Stocks
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Billionaire investors like Israel Englander and Steven Cohen sold large portions of their Nvidia stock in Q4 2022.
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They invested some of the proceeds into AI-focused stocks Amazon and Palantir instead.
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Amazon is poised for strong growth in e-commerce, advertising, and cloud computing (with AI playing a role).
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Palantir's new Artificial Intelligence Platform brings large language model capabilities to its Foundry data analytics solution.
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While Palantir's growth prospects look good, its stock valuation looks high compared to historical averages.