# Billionaire Money Managers Have Chosen Their 2 Favorite AI Stocks (and It's Not Nvidia or Alphabet) - Yahoo Finance

*Источник: Yahoo Finance*
*Дата: 2026-09-29*
*Язык: en*

**Кратко:** The evolution of artificial intelligence (AI) has, thus far, lived up to its billing as the most game-changing trend since the advent and proliferation of the internet in the mid-to-late 1990s. This multitrillion-dollar global opportunity is attracting investment capital at a never-before-seen clip -- and Wall Street's savviest billionaire money managers have taken notice.

The evolution of artificial intelligence (AI) has, thus far, lived up to its billing as the most game-changing trend since the advent and proliferation of the internet in the mid-to-late 1990s. This multitrillion-dollar global opportunity is attracting investment capital at a never-before-seen clip -- and Wall Street's savviest billionaire money managers have taken notice.
Thanks to quarterly filed Form 13Fs, we know exactly which AI stocks the most successful billionaire fund managers have been buying and selling. What might surprise you is that neither graphics processing unit (GPU) kingpin Nvidia (NASDAQ:NVDA) nor Alphabet (NASDAQ:GOOGL)(NASDAQ:GOOG) is billionaires' favorite AI stock. That distinction is reserved for Amazon (NASDAQ:AMZN) and Taiwan Semiconductor Manufacturing (NYSE:TSM).
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Image source: Getty Images.
Billionaires love AWS's potential
I reviewed the top-four holdings of nearly 20 billionaire investors and looked for common links in the AI arena. Only two stocks appeared as a top-four holding for at least five billionaires, and Amazon was one of them:
-       No. 1 holding for David Tepper at Appaloosa 
-       No. 1 holding for Seth Klarman at Baupost Group 
-       No. 2 holding for Chase Coleman at Tiger Global Management 
-       No. 2 holding for Dan Loeb at Third Point 
-       No. 4 holding for Bill Ackman at Pershing Square (NYSE:PS) 
Although Amazon is best known for its dominant online marketplace, its most impressive growth has come from seizing the bull by the horns as an AI applications giant.
Prior to the AI revolution taking shape, cloud infrastructure services platform Amazon Web Services (AWS) was growing sales in the high teens. Since AWS integrated generative AI and large language model capabilities, year-over-year growth has pushed to an 18-quarter high of 37% as of the June-ended quarter.
The beauty of AWS is that its margins are significantly higher than those seen in Amazon's e-commerce and advertising operations. Even though AWS accounted for less than 21% of net sales through the first half of 2026, this segment has generated 60% of the company's operating income.
Image source: Getty Images.
TSMC is foundational to the AI infrastructure build-out
Whereas Amazon is the preferred AI applications stock for billionaire money managers, they've gravitated to contract chip manufacturing goliath Taiwan Semiconductor Manufacturing (better known as TSMC) as their favorite AI hardware stock:

[Оригинал](https://finance.yahoo.com/technology/ai/articles/billionaire-money-managers-chosen-2-112601153.html)