Reported 10 months ago
Billionaire investors Ray Dalio, Philippe Laffont, and Stanley Druckenmiller are selling Nvidia shares and investing significantly in Broadcom, an AI networking giant that completed a stock split this year. While Nvidia has seen massive gains of 170% this year, these investors are betting on Broadcom's growth potential as demand for AI technology surges, leading to a recent 47% revenue increase attributed to AI services. Despite maintaining some Nvidia holdings, they view Broadcom as a promising opportunity in the rapidly evolving AI market.
Source: YAHOO