Reported about 8 hours ago
Billionaire Ole Andreas Halvorsen has sold Viking Global Investors' entire stake in AI networking giant Broadcom, cashing out on 2,930,970 shares, and redirected his focus toward Visa, a payment processing leader that has soared nearly 2,400% since its IPO in 2008. Halvorsen's move is seen as strategic, likely influenced by concerns over market valuations and potential bubbles in the AI sector, opting instead for Visa's robust growth trajectory and market dominance.
Source: YAHOO