{
}
Several billionaire money managers have invested approximately $1.8 billion into AI-focused assets, including 1.7 million shares of Broadcom valued at $1.47 billion, 1.7 million shares of Amazon worth $245 million, and 621,445 shares of Taiwan Semiconductor Manufacturing for $62 million. This strategic shift comes as the AI market is projected to reach $15.7 trillion by 2030, highlighting the growing importance of AI in business and manufacturing.
3G Capital has quietly backed a technology-focused hedge fund managed by Michael Ding, who has achieved impressive annualized returns of 22% since early 2020, with a 50% gain year-to-date. The fund, 3G Courser, specializes in small and mid-cap companies and leverages 3G's extensive network and research capabilities. With approximately $300 million in assets, it stands out among competitors, outperforming notable peers in the hedge fund space.
Hedge funds have largely missed out on the impressive gains of Vistra Corp., which has surged 192% this year, surpassing Nvidia's 144% increase. While Nvidia is widely held among hedge funds, Vistra remains less popular, though notable investors like Stephen Mandel Jr.'s Lone Pine Capital and Dan Loeb's Third Point have significant stakes. Some firms, such as Oaktree Capital Management, sold their positions in Vistra last year, missing the stock's remarkable rise in 2024.
Philippe Laffont
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
billionaires invest 1.8 billion in ai focused assets amid market shift
Broadcom Inc.
Taiwan Semiconductor Manufacturing Co Ltd
Amazon.com, Inc.
TWN
USA
Stephen Mandel
Philippe Laffont
Stanley Druckenmiller
Chase Coleman III
Larry Robbins
Show more
02:04 11.01.2025
3G Capital Backs High-Performing Hedge Fund Led by Michael Ding
CSX
Heinz
Burger King
KRAFTON, Inc.
Hunter Douglas
USA
Jorge Paulo Lemann
Philippe Laffont
Beto Sicupira
Michael Ding
Alexandre Behring
Show more
18:50 06.12.2024
hedge funds overlook vistra gains as stock surges 192 percent in 2024
Third Point Investors Limited
Vistra Corp.
Lone Pine Capital LLC
Coatue Management LLC
NVIDIA Corporation
USA
Dan Loeb
Stanley Druckenmiller
Philippe Laffont
Electron Capital Partners
Stephen Mandel Jr.
Show more
19:12 25.09.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Finance Mergers & Acquisitions
Global Financial Events
Market Analysis and Predictions
Retail and Consumer Goods
Industry Mergers & Acquisitions
Financial Scams and Security
Banking Regulations
CEO Changes
Global Trade Developments
AI Innovations
Supply Chain Management
Hedge Funds & Private Equity
Central Bank Actions
Startups & Entrepreneurship
Government Policies
Funding Rounds & Investments
Energy Sector Developments
Countries:
Companies:
Barclays PLC
NVIDIA Corporation
JPMorgan Chase & Co.
Tesla, Inc.
The Goldman Sachs Group, Inc.
Bank of America Corporation
Wells Fargo & Company
Morgan Stanley
Apple Inc.
Capital One Financial Corporation
Huawei Technologies CO. Ltd.
Citigroup Inc.
UBS Group AG
UniCredit S.p.A.
Tesmec S.p.A.
Amazon.com, Inc.
Banco BPM S.p.A.
Netflix, Inc.
Deutsche Bank RV Global PP
Google Inc.
Currencies:
United States Dollar
Euro
Indian Rupee
Chinese Yuan
Swiss Franc
British Pound Sterling
United Arab Emirates Dirham
Japanese Yen
Canadian Dollar
Danish Krone
Hong Kong Dollar
South Korean Won
Singapore Dollar
Australian Dollar
Offshore Chinese Yuan
Swedish Krona
Russian Ruble
Vietnamese Đồng
Brazilian Real
Colombian Peso
People: