‘ Hedge Funds and Institutional Investors Betting on These High-Flying Stocks to Continue Winning Ways\n\nHedge funds and institutional investors have been making moves in the stock market, and data from Bloomberg shows that they have been buying up shares of nine companies at a faster pace than any other stocks over the past two quarters. These companies, including Nvidia and Tesla, have been dubbed the “Magnificent 7” stocks and are expected to continue their winning ways.\n\nNvidia and Tesla, two leading companies in the artificial intelligence (AI) industry, have been making headlines for their advancements in this sector.In a recent comparison by Fool.com contributor Parkev Tatevosian, the two companies were evaluated to determine which is the better AI stock to buy today.\n\nWhile both companies have seen impressive results, Tatevosian ultimately recommends Nvidia as the top pick for investors looking to prepare their portfolios for 2024. It is worth noting that Nvidia’s stock price is currently not one of the 10 best stocks for investors to buy now according to The Motley Fool Stock Advisor analyst team. The service has a track record of success, with returns more than triple that of the S&P 500 since 2002.\n\nAside from Nvidia and Tesla, other companies have also been seeing significant gains in the AI market. The “Magnificent 7” stocks, fueled by AI in 2023, have been making waves in the stock market. Experts believe that this is just the beginning of their journey in this sector.\n\nIn the past four years, the stock market has been particularly volatile, leading investors to seek out the safety of profitable, time-tested companies. While the FAANG stocks have been a popular choice, stocks enacting splits have also been gaining attention. Nine prominent companies, including Nvidia and Tesla, have enacted forward splits since July 2021, which is typically a sign of strong performance and innovation.\n\n Nvidia and Tesla are leading the way in the AI industry, with strong potential for growth in the coming years.’