The Artificial Intelligence (AI) Leader’s Top Billionaire Seller Is Buying These 4 Supercharged Growth Stocks Instead

Since the internet first began to proliferate three decades ago, Wall Street and investors have been waiting for the next big innovation that can alter the growth trajectory of corporate America. The artificial intelligence (AI) revolution appears to be answering the call for game-changing growth.

With AI, software and systems are used in place of humans to oversee or undertake tasks. What gives this technology such broad-reaching utility is the potential for software and systems to learn and evolve without human oversight.

Although growth estimates are all over the map when it comes to AI, the analysts at PwC released a report last year that estimated the technology would add $15.7 trillion to the global economy come 2030. With an addressable market this large, there are bound to be multiple big-time winners, which is why we’ve witnessed investors pile into AI stocks.

However, optimism surrounding AI stocks isn’t universal among Wall Street’s brightest and richest investors.

Image source: Getty Images.

Nvidia’s top billionaire seller dumped over 29 million (split-adjusted) shares in the first quarter

Based on Form 13F filings with the Securities and Exchange Commission — 13Fs provide a snapshot of what Wall Street’s most-successful money managers were buying and selling in the latest quarter — over a half-dozen billionaire money managers dumped shares of AI leader Nvidia (NASDAQ: NVDA) during the first quarter. But no billionaire seemingly mashed the sell button harder than Coatue Management’s Philippe Laffont.

Factoring in that Nvidia has since completed a 10-for-1 forward-stock split, Laffont’s fund sold the equivalent of 29,370,600 shares of Nvidia, or roughly 68% of Coatue’s prior stake in the company.

Despite Nvidia having a veritable monopoly on AI-powered graphics processing units (GPUs) in high-compute data centers, and enjoying otherworldly pricing power due to demand for AI-GPUs overwhelming supply, Laffont likely had a number of viable reasons to run for the exit.

To state the obvious, he and his team may have simply been locking in some of their gains….

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