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5 Best Las Vegas Stocks to Buy Right Now

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In this article, we will discuss 5 best Las Vegas stocks to buy now. For a detailed analysis of these companies, you can directly go to 11 Best Las Vegas Stocks to Buy Now.

5. DraftKings Inc. (NASDAQ:DKNG)

No. of Hedge Fund Holders: 34

DraftKings Inc. (NASDAQ:DKNG) is a digital sports entertainment and gaming company. It is involved in offering users with daily fantasy sports (DFS), sports betting, and iGaming opportunities.

Churchill Downs Incorporated (NASDAQ:CHDN) and DraftKings Inc. (NASDAQ:DKNG) announced a multi-year agreement, bringing pari-mutuel wagering on horse racing to DraftKings Inc. (NASDAQ:DKNG).

DraftKings Inc. (NASDAQ:DKNG) saw strong revenue growth of 136% to $502 million in Q3 2022 against $213 million in Q3 2021.  Effective customer engagement and strong product and technology enhancements supported the company’s revenue growth. The company raised its fiscal year 2022 revenue guidance to $2.16 billion to $2.19 billion from $2.08 billion to $2.18 billion announced previously. This updated 2022 revenue guidance range exhibits year-over-year growth of 67% – 69%.

Overall, 34 out of the 920 hedge funds tracked by Insider Monkey reported owning shares of DraftKings Inc. (NASDAQ:DKNG) at the end of the third quarter of 2022. In the preceding quarter, 27 elite hedge funds held stakes.

Morgan Stanley covered the shares of DraftKings Inc. (NASDAQ:DKNG) and reduced its target price on shares of the company from $28.00 to $20.00. They gave an “Overweight” rating on the stock on November 21.

Follow Draftkings Inc. (NASDAQ:DKNG)

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

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