The report breaks the investment opportunity into three layers: (1) the enabling layer, (2) the intelligence layer, and (3) the application layer. Listed below are three brilliant AI stocks (one for each layer) that billionaires were buying in the second quarter.

Below, I've outlined why D.E. Shaw's recent sale of Nvidia and purchase of another chip stock, Broadcom (NASDAQ: AVGO), may look like a savvy move in the long run. Last quarter D. E. Shaw sold 12.1 million shares of Nvidia, reducing its position by about 51% in the process.

The artificial intelligence trend has supercharged the growth of many tech stocks over the past year, including semiconductor giants Nvidia (NASDAQ: NVDA) and Arm Holdings (NASDAQ: ARM). So far in 2024, Nvidia shares climbed 144%, and Arm stock rose 91%.

There is a clear winner between these two companies trying to capitalize on the growing demand for AI graphics cards.