Billionaires dump Nvidia. Instead, they're purchasing these two AI stocks.

By: Ravi G.

DollarCashFlow

Wall Street's top billionaires are ditching the AI powerhouse Nvidia for two other industry leaders.

Baidu (NASDAQ: BIDU) was the first AI company to make billionaire money managers forget about Nvidia in the recent quarter. 

1. Baidu

Eight billionaires invested in Baidu Chinese stock.

Amazon (NASDAQ: AMZN) is the second stock that billionaire investors are purchasing instead of Nvidia.

2. Amazon 

Amazon is typically cheaper than Nvidia. The price of shares for 2025 is less than 13 times the consensus cash flow per share, which is 44% lower than Amazon's five-year average.

A study from PwC said AI would make the world economy $15.7 trillion bigger by the end of the decade. 

PWC Global Artificial Intelligence Study

This would include a $6.6 trillion gain in productivity and $9.1 trillion in consumption-side effects.

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