30 Best AI Stocks to Buy According to Billionaires

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28. Arm Holdings plc (NASDAQ:ARM)

Number of Hedge Fund Holders: 43

Number of Billionaire Investors: 10

Value of Billionaire Holdings: $234 Million     

Arm Holdings plc (NASDAQ:ARM) architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers. Over the past years, the company has developed an unmatched expertise in chip design, enabling it to post record revenue and royalty numbers as the AI boom results in skyrocketing demand for these chips. Latest reports indicate that the company is planning to develop its own chips and seeking partners for mass production. This would take the company from being a partner of the AI elite to a direct competitor. Meta has reportedly already partnered with Arm in this regard. JP Morgan analyst Harlan Sur recently named Broadcom as another beneficiary of the Arm foray into chip development.

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