Palantir Stock vs. Nvidia Stock: Smart Billionaires Buy One and Sell The Other (Hint: It May Surprise You)

Two hedge fund managers with a track record for market beating returns sold Nvidia and bought Palantir in the second quarter. Nvidia (NVDA -0.16%) shares are up 1,100% since January 2023, while Palantir Technologies (PLTR -1.12%) shares have advanced 2,360%. But the following hedge fund managers sold the former and bought the latter in the second quarter, a surprising move given that Wall Street analysts generally think Palantir is overvalued. Importantly, both hedge funds outperformed the S&P 500 (^GSPC -0 ...