Billionaires Are Selling Nvidia and Betting on This AI Stock That's Climbed Nearly 300% Over the Past 3 Years
Nvidia (NASDAQ: NVDA) has been a no-brainer choice for investors aiming to win in the artificial intelligence (AI) market. The stock has soared 1,500% over the past five years as this AI chip leader delivered quarter after quarter of record revenue growth -- and this story is far from over. Nvidia's market dominance and innovation should help it to benefit as the AI boom continues.But some billionaires have decided to move on, selling some or all of their Nvidia shares and focusing on other potential AI winners. For example, Stanley Druckenmiller of the Duquesne Family Office sold all his Nvidia shares in the third quarter of last year. Just recently, David Tepper of Appaloosa and Philippe Laffont of Coatue Management cut their positions in Nvidia.As some investors reduce exposure to the top chipmaker, another AI stock, one that's climbed nearly 300% over the past three years, is emerging as an investor favorite. Let's check it out.Continue reading
Nvidia (NASDAQ: NVDA) has been a no-brainer choice for investors aiming to win in the artificial intelligence (AI) market. The stock has soared 1,500% over the past five years as this AI chip leader delivered quarter after quarter of record revenue growth -- and this story is far from over. Nvidia's market dominance and innovation should help it to benefit as the AI boom continues.
But some billionaires have decided to move on, selling some or all of their Nvidia shares and focusing on other potential AI winners. For example, Stanley Druckenmiller of the Duquesne Family Office sold all his Nvidia shares in the third quarter of last year. Just recently, David Tepper of Appaloosa and Philippe Laffont of Coatue Management cut their positions in Nvidia.
As some investors reduce exposure to the top chipmaker, another AI stock, one that's climbed nearly 300% over the past three years, is emerging as an investor favorite. Let's check it out.
