Billionaires Are Selling Nvidia Stock and Buying 1 Supercharged Index Fund for the Artificial Intelligence (AI) Boom

Several hedge fund managers have been buying shares of the Invesco QQQ Trust, an index fund with AI stocks like Apple, Microsoft, Alphabet, and Amazon.Nvidia has been a phenomenal long-term investment, with shares surging 2,630% during the last five years. Yet, several hedge fund managers (whose investing bona fides include billion-dollar net worths) trimmed their positions in Nvidia during the first quarter, while reallocating funds to the Invesco QQQ Trust (QQQ 0.52%), a supercharged index fund that track ...