8/7/2024, 2:55:06 pm

Billionaires Are Selling Nvidia Stock and Buying 2 Supercharged AI Stock

Hedge fund billionaires Louis Bacon, Israel Englander, and Philippe Laffont sold Nvidia shares in Q1, while buying Palantir Technologies and Super Micro Computer, which have year-to-date returns of 59% and 198%, respectively. Palantir's data analytics software supports AI and machine learning models, with a valuation of 97 times earnings.