Reported 16 days ago
In recent months, several billionaire investors, including prominent hedge funds, have significantly reduced or sold their stakes in Nvidia amid changing market sentiments and concerns over its valuation and competition. Notably, Baillie Gifford cut its holding by over 20%, while Appaloosa Management drastically lowered its stake by 84%. Elliott Management exited completely, expressing skepticism about AI's transformative potential. These moves reflect differing investment strategies and beliefs about the future of technology and AI.
Source: YAHOO