Billionaires Buy 2 Artificial Intelligence (AI) Stocks Up 830% and 1,180% Since 2023

3 hours ago 1

Trevor Jennewine, The Motley Fool

Tue, January 20, 2026 astatine 2:50 AM CST 6 min read

Billionaires Cliff Asness, Israel Englander, and Steven Cohen -- 3 highly palmy hedge money managers -- purchased shares of Nvidia and Western Digital during the 3rd quarter.
Nvidia is champion known for its marketplace enactment successful information halfway accelerators, but the institution is the manufacture modular successful artificial quality (AI) infrastructure due to the fact that it besides supplies adjacent hardware and software.
Western Digital is the marketplace person successful hard disk drives, a benignant of retention exertion presently successful precise abbreviated proviso owed to unprecedented request created by the AI infrastructure buildout.
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Very fewer nonrecreational wealth managers outperform the S&P 500 (SNPINDEX: ^GSPC) implicit agelong clip periods, but the ones who bash are large sources of inspiration. Investors tin way their trades by browsing Forms 13F filed quarterly with the SEC.

In the 3rd quarter, these hedge money billionaires (all of whom bushed the S&P 500 implicit the past 3 years) purchased shares of Nvidia (NASDAQ: NVDA) and Western Digital (NASDAQ: WDC).

Cliff Asness astatine AQR Capital Management bushed the S&P 500 by 10 percent points implicit the past 3 years. Nvidia is his largest holding, and helium owns a tiny presumption successful Western Digital. The stocks collectively relationship for 3% of his portfolio.
Israel Englander of Millennium Management bushed the S&P 500 by 28 percent points implicit the past 3 years. Nvidia is his largest holding, and helium owns a tiny presumption successful Western Digital. The stocks collectively relationship for 2% of his portfolio.
Steven Cohen astatine Point72 Asset Management bushed the S&P 500 by 31 percent points successful the past 3 years. Nvidia is his largest holding, and helium owns a tiny presumption successful Western Digital. The stocks collectively relationship for 3% of his portfolio.

Those trades are absorbing due to the fact that some stocks person already been large winners since artificial quality (AI) became 1 of Wall Street's apical concern themes successful January 2023. During that period, Nvidia and Western Digital person returned 1,180 and 830%, respectively. Yet, these money managers inactive person assurance successful some stocks, particularly Nvidia.

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Nvidia is good known for its best-in-class graphics processing units (GPUs), chips besides called information halfway accelerators due to the fact that they velocity up demanding workloads specified arsenic artificial intelligence. However, the institution is genuinely formidable due to the fact that its full-stack strategy spans adjacent information halfway hardware and bundle improvement tools.

To elaborate, Nvidia develops afloat rack-scale systems that harvester GPUs with CPUs and networking gear, which lets the institution optimize infrastructure show crossed the full information center. It besides saves customers the occupation of integrating hardware from aggregate suppliers. Meanwhile, Nvidia besides provides an extended suite of bundle tools called CUDA, which simplifies the improvement of GPU applications.