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Prominent Billionaires Shifting Investments Away from Nvidia to ...
2024-07-23 14:59:08
Stocks
Technology
Artificial Intelligence

Prominent Billionaires Shifting Investments Away from Nvidia to Hypergrowth Stocks

Prominent billionaires are selling Nvidia stock due to concerns about the AI bubble, high valuation, and competition. Instead, they are investing in Plug Power, a hydrogen fuel-cell company, and Sea Limited, a Singapore-based firm with a growing digital entertainment segment.

Alphabet, the parent company of Google, is also a popular AI stock among billionaires. Broadcom's AI-related revenue is expected to grow significantly.

Nvidia's adaptation of chips for China and its upcoming Blackwell architecture are causing fluctuations in its stock price. Serve Robotics, despite a significant increase in stock value, has high customer concentration.

Nvidia's current pullback is due to concerns about China, but history suggests a potential rebound. Investors should focus on Nvidia's future growth prospects, including the launch of Blackwell architecture.

Related news on that topic:

Alphabet's Q2 Earnings Highlight AI Investments and Growth in ... and Cloud

Alphabet's second-quarter earnings report showcased the company's significant investments in AI and their positive impact on Google's search, Cloud, and YouTube platforms. The company's stock has risen by 24% in the last six months, indicating investor confidence in Alphabet's AI-driven strategies. Analysts predict that Alphabet's search revenue will reach $197 billion this year and $217 billion by 2025, fueled by the AI chatbot Gemini. YouTube revenue is expected to grow to $37 billion in 2024 and $43 billion in 2025. The company's robust growth in the Cloud sector is projected to continue at a rate of 28%, largely due to the adoption of generative AI technology. Furthermore, Alphabet plans to initiate a $70 billion buyback and introduce its first-ever dividend following a strong first-quarter performance. The company's CEO, Sundar Pichai, has overseen a remarkable growth of $1.8 trillion in value since 2015. However, despite these accomplishments, Alphabet reported losses due to its heavy AI investments, spending $2.2 billion on model development. Nonetheless, the company's stock is up 30% year-to-date, outperforming major competitors like Microsoft and Amazon.

Alphabet's Growth Fueled by Advertising Revenue and Cloud ... Expansion

Alphabet, Google's parent company, is experiencing robust growth driven by advertising revenue and the thriving cloud business, with a focus on competing with Microsoft Azure. Despite the failed acquisition of cybersecurity firm Wiz, Alphabet continues to invest heavily in AI and server capacity to enhance its offerings like the new Gemini version to rival OpenAI's ChatGPT. Wiz, now shifting its focus to an IPO, intended to surpass a $1 billion annual revenue target. Google's profits surged 29% in Q2, propelled by AI advancements in the cloud, surpassing revenue estimates and reaching a $10 billion milestone in cloud revenue. Despite Alphabet's flat shares, the company's performance in 2024 has outstripped tech giants like Microsoft, Apple, and Amazon, with Nvidia leading the pack with a 154.5% increase.

Read 9 more recent news on this topic

The press radar on this topic:

The Street
24. Juli 2024 um 12:27

Analyst puts Nvidia stock on watch; report points to new China chip TheStreet Daily Newsletter

Technology
Finance
Politics
Nvidia shares rose as analysts remain bullish, citing new China-focused AI chip and Blackwell GPU architecture. Nvidia is adapting chips for China amid export restrictions, as China accounted for $10.4 billion in revenues. Finance chief expects China market to remain 'very competitive'. Nvidia CEO Huang to speak at Siggraph, where Citi expects insights on client infrastructure monetization. Nvidia told investors Q2 revenue would rise to $28 billion, but Blackwell system won't ship until 2H 2024...
heise online
23. Juli 2024 um 04:15

Tuesday: Nvidia is working on an AI chip for China, Vodafone is making money | heise online

Technology
Economy
Politics
Finance
Nvidia is developing AI chips for China; Vodafone is selling shares in the mobile tower operator Vantage Towers; Meta is coming under the scrutiny of European consumer protection.
Yahoo Finance
23. Juli 2024 um 08:51

Forget Nvidia: Prominent Billionaires Are Selling It and Piling Into 2 Hypergrowth Stocks That Have Little to Do With Artificial Intelligence (AI)

Finance
Technology
Economy
Environment
Prominent billionaires are selling Nvidia stock, citing concerns over the AI bubble, Nvidia's high valuation, and growing competition from its four top customers (the "Magnificent Seven") developing their own AI-GPUs. They are instead investing in Plug Power, a hydrogen fuel-cell company aiming to improve efficiency, increase prices, and improve margins, and Sea Limited, a Singapore-based firm with fast-growing digital entertainment and financial services segments, as well as the e-commerce pl..
Yahoo Finance
23. Juli 2024 um 09:33

Forget Nvidia: Billionaires Are Buying Up This Winning Artificial Intelligence Stock Instead

Technology
Finance
Economy
Alphabet, the parent company of Google, is the most widely owned megacap tech stock by prominent hedge fund billionaires. It derives revenue from Google Search, Gmail, YouTube, Chrome, Android, and other platforms. Alphabet is a cash-rich, high-margin business with a 26% net margin, and it has a cloud computing segment, Google Cloud, which is a competitor to AWS and Azure. Alphabet also has an "other bets" segment that includes self-driving technology company Waymo. The company reported 15% ye..
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