This Prominent Billionaire Has $6 Billion Invested in These 2 AI Stocks

Following billionaire investors can be worth your while, especially because they could have a long record of delivering excellent returns. One of the more successful fund managers is Chase Coleman of Tiger Global Management. Coleman founded the firm in 2001 and currently has a net worth of over $5 billion, according to Forbes.At the end of Q2 2024, Tiger Global's top two holdings were Microsoft (NASDAQ: MSFT) and Meta Platforms (NASDAQ: META), with $6 billion in combined market value in these "Magnificent Seven" stocks. Here's why they are smart buys for the long term.Tiger Global has held a position in Microsoft since 2018, making it its second-largest holding. As of the second quarter, Tiger Global held 5.3 million shares worth nearly $2.4 billion. Over the last six years, the stock has climbed over 300%, compared to the S&P 500's 145% total return including dividends.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool