Reported 5 months ago
Billionaire hedge fund managers like Stanley Druckenmiller, David Tepper, Paul Tudor Jones, and Philippe Laffont were seen reducing their stakes in Nvidia in the first quarter, citing concerns about artificial intelligence being overhyped. On the other hand, several top hedge fund managers, including Chase Coleman and Glen Kacher, have been increasing their investments in Alphabet, attracted by its relatively low valuation and dominant businesses like Google search and YouTube. The investors see potential for growth and profitability in Alphabet's AI efforts, ad formats, and cloud computing business, making it an appealing investment option.
Source: YAHOO