Reported about 1 year ago
Some hedge fund billionaires, including Louis Bacon of Moore Capital Management and Israel Englander of Millennium Management, have sold shares of Nvidia while increasing their stakes in Palantir Technologies and Super Micro Computer, two AI stocks with significant year-to-date returns. Palantir specializes in data analytics and recently introduced its Artificial Intelligence Platform, receiving mixed reviews from industry analysts. On the other hand, Super Micro Computer is a market leader in AI servers and is expected to grow earnings per share at a rate of 48% annually over the next three years, making its current valuation of 47 times earnings look reasonable.
Source: YAHOO