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Billionaires Are Selling Nvidia Stock and Buying These 2 Artificial Intelligence (AI) Stocks Instead
AmazonAmazon(US:AMZN) fool.com·2024-05-29 09:12

Three billionaire money managers sold down their positions in Nvidia during the first quarter, while buying shares of two other artificial intelligence stocks.So far, Nvidia has been one of the biggest winners of the artificial intelligence (AI) boom. Shares jumped 173% during the past year as the company reported unprecedented demand for its graphics processing units or GPUs, chips that power all of the most advanced AI systems.However, some billionaire hedge fund managers trimmed their positions in Nvidia ...