Appaloosa's billionaire investor went on an AI hardware buying spree during the second quarter, while simultaneously sending shares of money managers' favorite AI stock to the chopping block.

For three years, the evolution of artificial intelligence (AI) hardware and software solutions has dominated the newswires on Wall Street -- and with good reason. Based on one estimate from the analysts at PwC, AI can lift global gross domestic product by $15.7 trillion in 2030. This is a big enough pie where a long list of companies can benefit.

However, Wall Street's savviest money managers have sent mixed signals regarding the companies on the leading edge of the AI revolution.

No later than 45 calendar days following the end to a quarter, institutional investors with at least $100 million in

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