Alphabet Just Slashed Its Stake in This Monster Artificial Intelligence (AI) Cybersecurity Stock. Should You Follow?
Alphabet just sold 83% of its position in a leading cybersecurity stock.
Each quarter, investment firms that manage over $100 million are required to file a form 13F with the Securities and Exchange Commission. Essentially, a 13F breaks down which stocks institutional money managers bought and sold during the last quarter -- thus providing some clues as to what the "smart money" on Wall Street is thinking.
Outside of traditional investment funds, though, large corporations with investments in other companies are also required to file a 13F. Last quarter, artificial intelligence (AI) behemoth Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) trimmed its stake in a red-hot cybersecurity stock by 83%.
Let's analyze what stock Alphabet just sold, and explore why it may have done so. From there, I'll provide my opinion on whether or not now is a good time to follow Alphabet's lead.
