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Should You Hold Aercap (AER)?

O’keefe Stevens Advisory, an investment advisory firm, released its first-quarter 2024 investor letter. A copy of the letter can be downloaded here. Soft-landing expectations drove the S&P 500’s 11% gain in Q1. Despite geopolitical tensions, the market is cool, however, inflation is still a concern for the firm. The top five positions accounted for almost 34% of the assets held by O’keefe Stevens Advisory. In addition, please check the fund’s top five holdings to know its best picks in 2024.

O’keefe Stevens Advisory featured stocks like AerCap Holdings N.V. (NYSE:AER) in the first quarter 2024 investor letter. Headquartered in Dublin, Ireland, AerCap Holdings N.V. (NYSE:AER) engages in the lease, financing, sale, and management of flight equipment. On May 10, 2024, AerCap Holdings N.V. (NYSE:AER) stock closed at $91.17 per share. One-month return of AerCap Holdings N.V. (NYSE:AER) was 9.82%, and its shares gained 62.34% of their value over the last 52 weeks. AerCap Holdings N.V. (NYSE:AER) has a market capitalization of $18.214 billion.

O’keefe Stevens Advisory stated the following regarding AerCap Holdings N.V. (NYSE:AER) in its first quarter 2024 investor letter:

“In Q1, we initiated a new position in AerCap Holdings N.V. (NYSE:AER). We outlined the thesis in our Q4 2023 letter and discussed the thesis on Hustlehub. We will refer you to these resources for the thesis. We’ve added to the position several times and believe that even though the stock was up 20% in Q1, it has 40% near-term upside as the market continues to underappreciate the duration of the leasing hard market.”

A large commercial aircraft soaring through the clouds, its window reflecting the clouds and the blue sky.

AerCap Holdings N.V. (NYSE:AER) is not on our list of 30 Most Popular Stocks Among Hedge Funds. At the end of the fourth quarter, AerCap Holdings N.V. (NYSE:AER) was held by 61 hedge fund portfolios, up from 54 in the previous quarter, according to our database. In addition, please check out our hedge fund investor letters Q1 2024 page for more investor letters from hedge funds and other leading investors.

We discussed AerCap Holdings N.V. (NYSE:AER) in another article and shared the list of most profitable companies with highest margins in the world. Cooper Investors Global Equities Fund discussed AerCap Holdings N.V. (NYSE:AER) in its first quarter 2024 investor letter and expressed confidence in the growth potential of the company. In the Q4 2023 investor letter O’keefe Stevens Advisory addressed the 2024 growth catalytic of AerCap Holdings N.V. (NYSE:AER).

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Disclosure: None. This article is originally published at Insider Monkey.

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.

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