Top Mutual Funds Embrace Apple and Microsoft, Snubbing Nvidia and Amazon

Nvidia and Amazon were excluded from the list of new buys by the best mutual funds, while Apple and Microsoft received billions of dollars in investments. The Magnificent Seven stocks, including Alphabet, Meta Platforms, and Tesla, have been in and out of the list. In addition to these stocks, mutual funds also invested in other companies riding the AI wave, such as Salesforce, Workday, Palantir Technologies, Shopify, and Datadog. Enterprise software firms and cybersecurity companies that utilize AI solutions were also favored.