Reported about 1 month ago
Recent trends show hedge fund billionaires like Ken Griffin and David Shaw selling off significant shares of Nvidia to invest in the iShares Russell 2000 ETF, which tracks small-cap stocks. Despite Nvidia's impressive performance, these investors are optimistic about potential growth in small-cap stocks, especially with expectations of the Federal Reserve lowering interest rates, potentially propelling the Russell 2000 index by 43%. This move indicates a strategic reassessment of investment priorities in the current market landscape.
Source: YAHOO