Reported 5 months ago
The article discusses how billionaire investors approached the "Magnificent Seven" stocks in the first quarter, including Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta Platforms, and Tesla. Billionaires sold shares of Nvidia and Meta Platforms, possibly due to profit-taking, concerns about competition, and economic outlook. In contrast, they were buying Amazon shares aggressively, attracted by segments like Amazon Web Services, advertising, and subscription services, along with the company's valuation.
Source: YAHOO