Nvidia Stock vs. Sandisk Stock: Billionaires Buy One and Sell the Other
In the past year, Nvidia (NVDA 1.29%) stock has increased 46%, while Sandisk (SNDK 8.81%) shares have added 1,220%. But two hedge fund billionaires bought Nvidia and sold Sandisk in the fourth quarter.Cliff Asness at AQR Capital Management bought 3.9 million shares of Nvidia, increasing his stake by 18%. He also sold 318,600 shares of Sandisk, reducing his stake by 22%. Nvidia is now the largest position in his portfolio. Sandisk does not rank among the top 50.Steven Schonfeld at Schonfeld Strategic Advisor ...