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This Billionaire Is Selling Amazon and Microsoft and Buying This Impressive AI Stock Up Over 1,200% Since 2023 [Yahoo! Finance]
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With the latest round of 13F forms out, we have some new insights into what stocks are in the portfolios of billionaire hedge fund managers. One fund I follow is Third Point, run by billionaire Daniel Loeb. During the fourth quarter, he made some interesting moves, selling Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) . However, he didn't just sit on a pile of cash. He added to his position in another stock that has been on a huge run over the past few years. The stock is up more than 1,200% since 2023, and it's none other than Nvidia (NASDAQ: NVDA) Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » This is another vote of confidence for Nvidia -- a stock that has been leading the markets for some time. However, the "new" information we have on Loeb's activities is at least two months old now, as his late
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