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Prominent hedge fund managers are reducing Nvidia holdings and increasing stakes in Palantir Technologies, an AI stock that has surged 2,000% since 2023.
More than a half-dozen billionaire money managers pared down their stakes in Nvidia during the December-ended quarter and bought shares of two high-octane artificial intelligence (AI) companies.
A significant percentage of Nvidia's sales may go away if these core customers shift to in-house AI chips. At best, Nvidia will see less in the way of purchases from these four juggernauts.
Nvidia's three most-prominent billionaire sellers opted to put their respective fund's capital to work in a trio of brand-name companies trading at a discount.
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Half of the top 20 billionaire hedge fund managers now own Bitcoin. And, in some cases, they are selling off Nvidia in order to buy up this red-hot cryptocurrency for their portfolios.
A significant percentage of Nvidia's sales may go away if these core customers shift to in-house AI chips. At best, Nvidia will see less in the way of purchases from these four juggernauts.
Why Nvidia? Billionaires shifting their investment focus from Nvidia stock to Shopify stock may seem surprising at first glance, especially given Nvidia’s dominant position in the AI and semiconductor ...
Nvidia stock has had its time in the sun, and now billionaires are trimming back investments to put them elsewhere.