A Famed Billionaire Tech Investor Just Sold Nvidia Shares to Buy These 2 AI Chip Stocks | The Motley Fool

Chase Coleman III of Tiger Global Management is one of the world’s premier tech investors. In fact, his fund has spawned many other top investors who now run their own funds. During Q2, Coleman was busy, including reducing his stake in Nvidia (NVDA -0.33%), while adding a new position in Cerebras Systems (CBRS -2.71%) and increasing his holdings in Intel (INTC -0.72%).

Let’s take a closer look at these semiconductor stocks and see if investors should be buyers or sellers.

Nvidia

While Coleman reduced his stake in Nvidia by about 7%, it remains his third-largest holding. There are many reasons to like the stock here, in my view. First, the company is the dominant chipmaker for AI model training with its graphics processing units (GPUs), and that is unlikely to change anytime soon. Its CUDA software platform, where most foundational AI code has been written, just remains a powerful moat.

Today’s Change

(-0.33%) $-0.71

Current Price

$216.85

Key Data Points

Market Cap

$5.2TMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Day’s Range

$215.66 – $219.86

52wk Range

$164.07 – $236.54

Volume

1.2M

Avg Vol

142.3M

Gross Margin

74.15%

Dividend Yield

0.13%

Meanwhile, the company has become much more than just a GPU maker. Backed by a strong networking portfolio and other chips, Nvidia is now a complete AI infrastructure player that can provide end-to-end…