Should You Sell Nvidia
Should You Sell Nvidia; Buy China? That's What This Billionaire Investor Is Doing
Tepper's fund dumped 3.73 million shares of Nvidia, or roughly $450 million worth of the top artificial intelligence (AI) stock, in Q2. That wasn't quite all of Appaloosa's stake. But it was more than 84% of it, leaving the fund with just 690,000 shares, representing roughly $90 million worth of the stock.
Billionaires Are Selling Nvidia Stock and Buying Up This Cryptocurrency Instead
Based on these filings, it appears that a growing number of billionaires have been selling Nvidia (NASDAQ: NVDA) and buying Bitcoin (CRYPTO: BTC) instead. Let's take a closer look. The push into Bitcoin began in January as soon as the new spot Bitcoin exchange-traded funds (ETFs) rolled out.
Nvidia AI chips under pressure in China
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