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What Do Billionaires David Tepper, Ken Griffin, and Warren Buffett Have in Common? Their Companies Own This Unstoppable AI Stock.

TheMotleyFool 
0 0 07.09.23
What Do Billionaires David Tepper, Ken Griffin, and Warren Buffett Have in Common? Their Companies Own This Unstoppable AI Stock.: https://g.foolcdn.com/editorial/images/746530/a-digital-render-of-a-circuit-board-with-a-chip-in-the-center-inscribed-with-the-letters-ai.jpg
 

There is no question artificial intelligence (AI) is top of mind for most investors in 2023. Why wouldn't it be? Research firm McKinsey Company estimates the technology could add $13 trillion to the global economy by 2030. Cathie Wood's Ark Investment Management places that figure at a whopping $200 trillion.

Therefore, it's no surprise investors are rushing to buy stocks that could benefit from the AI revolution. Semiconductor giant Nvidia has become the most popular, because it owns almost the entire market for data center chips capable of processing AI workloads. As a result, its stock price has soared 238% so far this year.

But Nvidia isn't the only game in town, and Wall Street's best investors are holding another stock with the potential to become a leader in the emerging AI industry.

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Source Fool.com

Nordic Semiconductor Stock

€11.21
0.450%
The Nordic Semiconductor stock is trending slightly upwards today, with an increase of €0.050 (0.450%) compared to yesterday's price.

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