Reported 12 months ago
Billionaires have begun selling off their Nvidia shares due to the stock's significant rise, with notable investors like Stan Druckenmiller, Philippe Laffont, and David Tepper reducing their positions. These billionaires are reinvesting in undervalued exchange-traded funds (ETFs) for diversification. Druckenmiller and Englander are favoring the iShares Russell 2000 ETF for small-cap stocks, while Tepper and Laffont are turning to the iShares China Large-Cap ETF for investment opportunities in China, believing in the potential upside of these assets amid market conditions.
Source: YAHOO