大佬们先跑了

Core Insights - The article discusses the recent surge in the U.S. stock market, particularly driven by the AI revolution, with the Dow Jones Industrial Average reaching a historical high of 48,431.57 points, up 46% since the beginning of 2023, and the Nasdaq index doubling with a 131.25% increase [4]. - Major tech companies like Microsoft, Apple, and Nvidia have seen significant stock price increases, with Nvidia's stock price soaring over 1300%, making it the first company to surpass a market capitalization of $5 trillion [4][20]. - Notably, several prominent investors, including Nvidia's CEO Jensen Huang and Bill Gates, have been reducing their stakes in their respective companies, indicating a potential shift in market sentiment [5][20]. Group 1: Market Performance - The Dow Jones Industrial Average reached a historical high of 48,431.57 points, marking a 46% increase since the start of 2023 [4]. - The Nasdaq index hit a record high of 24,019.99 points, reflecting a 131.25% increase since the beginning of the year [4]. - Major tech stocks, including Microsoft and Apple, have seen their market capitalizations rise to around $4 trillion each, while Alphabet's market cap has surpassed $3.5 trillion [4]. Group 2: Investor Actions - Jensen Huang has sold a total of 8.297 million shares of Nvidia, reducing his holdings to below 70 million shares, with the sold shares valued at approximately $15.48 billion [16]. - Bill Gates' foundation sold 17 million shares of Microsoft, reducing its stake by 65%, with Microsoft now representing only 13.01% of the foundation's portfolio [19]. - Notable investors like段永平 have also reduced their positions in Nvidia by 38.04%, while Masayoshi Son has completely exited his Nvidia holdings [22][24]. Group 3: Company Financials - Nvidia reported a revenue of $130.5 billion for the fiscal year ending January 26, 2025, with a growth rate of 114% and a gross margin of 75% [14]. - For the first two quarters of the fiscal year 2026, Nvidia's quarterly revenues were $44.1 billion and $46.7 billion, showing year-on-year growth of 69% and 56%, respectively [14]. - In comparison, Apple's revenue for the fourth fiscal quarter of 2025 was $102.466 billion, with a growth rate of 7.94%, while Alphabet's revenue for the third fiscal quarter was $102.346 billion, growing at 16% [12].