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 …
Over the past 30 years, one of Wall Street’s few constants is that there’s always a next-big-thing trend or innovation garnering the attention of professional and everyday investors alike. At the moment, no trend is captivating the attention and pocketbooks of investors quite like artificial intelligence (AI). When discussing “AI,” I’m talking about the use …
In case you missed it, last week marked one of the most important data releases of the year. Wednesday, Feb. 14, was the last day for institutional investors with at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission. A 13F provides investors with a detailed snapshot …