Reported 4 months ago
Some billionaire hedge fund managers like Israel Englander, Louis Bacon, and Philippe Laffont have reduced their positions in Nvidia while increasing their stakes in Amazon and Salesforce. Amazon, with its dominant online marketplace and strategic use of AI in different businesses, presents growth opportunities. Meanwhile, Salesforce leads in CRM software and offers new products like Data Cloud and Einstein Copilot, expecting significant earnings growth. Although Amazon appears attractively valued, marketplace may wait for a more reasonable valuation from Salesforce before investing.
Source: YAHOO