Reported about 9 hours ago
Billionaire investor Israel Englander has sold 70% of Millennium Management's stake in Nvidia, realizing substantial gains from the AI stock's success, and redirected his focus towards Walgreens Boots Alliance, a healthcare stock with a nearly 12% dividend yield. Englander's strategic shift comes amid potential concerns over Nvidia's declining growth margin and increasing competition in the AI space, while Walgreens looks to turn its fortunes around under new leadership, despite facing significant challenges.
Source: YAHOO