Top hedge fund stocks like NVIDIA, Microsoft, Alphabet, and others yielded 75.1% returns in 2023, reflecting AI tech investments.
Hedge funds favor NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Mastercard Incorporated, Meta Platforms Inc., Microsoft Corporation, Apple Inc., Amazon.com Inc., Visa Inc., Salesforce Inc., and Alphabet Inc. These top stocks have consistently outperformed the S&P benchmark stock index, with the top ten hedge fund stock picks delivering 75.1% in returns in 2023. As AI becomes increasingly important in various industries, hedge funds are investing in companies that leverage AI technology, such as NVIDIA, Microsoft, and Alphabet, to maintain and grow their market share.
June 22, 2024
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