Billionaires Are Selling Nvidia and Buying This Artificial Intelligence (AI) Stock Instead
Nvidia was the best-performing stock in the S&P 500 last year. Its share price surged 239% as artificial intelligence (AI) whipped Wall Street into a frenzy. However, several hedge fund billionaires began diversifying away from Nvidia in the fourth quarter, while purchasing shares of Amazon (NASDAQ: AMZN). Louis Bacon of Moore Capital Management sold 873,000 …