Billionaires Bet on AI: Amazon and HubSpot Stocks Purchased As Nvidia Divested

Billionaire investors Englander, Cohen, and Tepper sold large portions of their Nvidia stock in Q4 2022 while buying AI stocks Amazon and HubSpot.

Amazon is investing in AI across e-commerce, advertising, and cloud computing, with new generative AI tools and services.

Amazon reported strong Q4 results, with sales up 14% and operating income rising, and has potential for over 10% annual sales growth this decade.

HubSpot is rolling out new AI capabilities in 2023 to boost adoption of its sales, marketing, and service software, especially by larger businesses.

HubSpot posted 24% sales growth in Q4 with higher subscription revenue and net income, and aims to drive further growth through its investments in AI.