Reported 29 days ago
Billionaire investor Ken Fisher is significantly increasing his stake in Nvidia, the leader in AI graphics processing units, while reducing his holdings in its main competitor, Advanced Micro Devices. Fisher's hedge fund acquired over 2 million additional shares of Nvidia, bringing his total to approximately 93.4 million shares. Nvidia's dominance in the AI-GPU market and its strong pricing power have attracted Fisher, while concerns about AMD's slower growth and valuation led him to sell about 20% of his AMD shares.
Source: YAHOO