Reported 11 months ago
Investors are seeing a trend where more billionaire hedge fund managers are selling off Nvidia stock and choosing to invest in Ford Motor Company instead. Reasons for the shift include potential profit-taking, increased competition in the AI chip sector, and a belief that Nvidia's dominance has been fully recognized by the market. Hedge funds like Citadel, Millennium Management, and Tudor Investment Group have been buying up shares of Ford, seeing potential in factors like the company's diversification strategies, cheap valuation, dividend yield, and anticipated growth in areas like EVs and hybrids.
Source: YAHOO