Brief news summary

During the first quarter, three billionaire money managers reduced their positions in Nvidia, a leading AI company, but increased their holdings in Amazon and Salesforce. This doesn't mean Nvidia is a bad investment, as the hedge fund managers still have a stake in the company. Amazon, the largest online marketplace, uses AI in various operations to improve efficiency and generate revenue. Its presence in e-commerce, advertising, and cloud computing makes it an attractive investment. Salesforce, the leader in CRM software, is expected to benefit from increased CRM spending. Its data management and automation offerings, like Data Cloud and Einstein Copilot, enhance product value and create cross-selling opportunities. While Salesforce's earnings growth looks promising, its current valuation is relatively high, suggesting investors should wait for a better valuation before buying the stock.