Reported about 2 months ago
Investment giants George Soros and Stanley Druckenmiller have notably reduced their stakes in prominent 'Magnificent Seven' tech stocks before a significant downturn in July. Regulatory filings reveal that Soros sold $58 million in Alphabet and $15 million in Amazon, while Druckenmiller's Duquesne cut over 1.5 million shares in Nvidia. This strategic selling reflects a response to the preceding tech rally, as many investors secured profits just before the Nasdaq 100 experienced a 14% drop.
Source: YAHOO