Renowned investor David Tepper has shown a strong interest in artificial intelligence (AI) as all of his top 10 holdings have close connections to AI. However, in the first quarter, Tepper sold shares of Amazon, Alphabet, Microsoft, Meta Platforms, and NVIDIA. He instead opted to buy more shares of Alibaba Group Holding, Oracle, and PDD … Read more
Billionaire investor Stan Druckenmiller, known for his successful investments in Nvidia, has shifted his focus towards small-cap stocks after cashing out some of his Nvidia holdings. Druckenmiller initially invested in Nvidia in late 2022 and added to his position throughout 2023, with the stock representing a significant portion of his portfolio. However, as Nvidia’s stock … Read more
Billionaires like Paul Tudor Jones and Philippe Laffont have recently shifted their investments from NVIDIA to PayPal, signaling a potential opportunity for growth in the struggling financial technology company. With PayPal’s stock valuation taking a hit in recent years but still showing revenue growth, investors are eyeing the potential for a turnaround. One key attraction … Read more
Renowned billionaire hedge fund manager Paul Tudor Jones of Tudor Investment reduced his stake in NVIDIA during the first quarter and reinvested the money into struggling financial technology company PayPal. This move was mirrored by Philippe Laffont of Coatue Management, who also decreased his holdings in Nvidia and increased his position in PayPal. Both investors … Read more
Michael Dell recently gifted $350 million worth of Dell Technologies stock to good causes. The multibillionaire gave the shares to his family foundation and other charitable funds he advises. Dell is set to receive over $20 billion in stock and cash when Broadcom buys VMware this month. … Source link
Huang, cofounder and CEO of Nvidia, photographed at Nvidia’s headquarters, Santa Calra, CA. Copyright © 2016 Ethan Pines Markets were slightly down this week, but three of America’s top 30 richest—Dell Technologies’ Michael Dell, Nvidia’s Jensen Huang and Tesla’s Elon Musk—took especially big tumbles. On Tuesday, the Biden administration announced new measures that aim to … Read more