The billionaires did not miss the story of artificial intelligence (AI). The managers of some of the world’s largest funds have thrown themselves into this popular growth area, investing in stocks that have encouraged gains in all three main indexes.
Last year, the S&P 500 and Nasdaq increased by 23%and 28%, and the industrial average Dow Jones added 12%thanks to the excitement because of this technology.
And one of the most sought after shares was Nvidia (NASDAQ: NVDA)a player who shouted more than early days ai boom. The shares climbed to 171% only last year.
It’s a leading AI chips designer, and this helped the company’s revenue increase in a quarter after a quarter. This AI star was one of the four most popular technological stocks in Analysis of colorful fools Last year, of 16 Hedge funds run by billionaires.
But Nvidia is not the only company that currently benefits from AI boom. Amazon (NASDAQ: AMZN)Through its cloud units of Amazon Web Services (AWS), it sells a wide selection of AI products and services to customers, which helped AWS to report an annual revenue rate of $ 110 billion revenue. The shares increased 44% last year.
Although both of these sections are important solids in the portfolio of many successful investors, the billionaires have been buying one and selling the other lately.
Managers supervising $ 100 million or have to submit a report in each quarter in which they will describe their investment move in detail, and These 13f patterns Offer us a view of the mind of some of the world’s best investors. Copying each of their moves is not realistic, and certain purchases or sales may not even be aligned with your investment strategy.
But the view of the 13F window in what billions do could offer us valuable insights – and some ideas for investing – because over time they proved their market knowledge. And lately billionaires have been buying Amazon and selling Nvidia.
In the third quarter, Bruce Kovner’s Caxton Associates, Lonely Pine Capital Stephen Mandel Jr. And the management of Philippe Laffont’s coats added their Amazon shares. CAXTON has made a particularly big move, increasing its Amazon by more than 400%, and now it represents 10%of the portfolio, which is up to just under 2%.
At the same time, Stanley Drukenmiller from the Duquesne family’s office sold all his shares of Nvidia, and David Tepper and Laffont Management Appaloosa Management reduced their positions in the top designer of Chip.
Of course, these moves do not necessarily mean that the growth of Nvidia is over. Drukenmiller even said in an interview with Bloomberg that he had regretted selling shares and would consider buying it again if the price is correct.
