Billionaire Investors Bet on AI: Sell Nvidia, Buy Amazon and HubSpot for Future Growth

Billionaire hedge fund managers sold large portions of their Nvidia stock in Q4 2022 while buying shares of Amazon and HubSpot.

Amazon and HubSpot have strong existing businesses but are investing heavily in AI to drive future growth.

Amazon is leveraging AI across e-commerce, advertising, and cloud computing and expects it to generate tens of billions in revenue.

HubSpot is releasing new AI capabilities in 2023 to help drive adoption of its higher-end products.

Analysts expect double-digit sales growth for Amazon through 2030 and 17% annual growth for HubSpot over the next 5 years.