Billionaire Ole Andreas Halvorsen Just Sold Nvidia Shares and Loaded Up on This big Nvidia AI Customer. (It's Also the Cheapest Magnificent Seven Stock Right Now.)
At this point in the artificial intelligence (AI) story, should I buy or sell Nvidia (NASDAQ: NVDA)? That question has been crossing the minds of many investors in recent times. And for good reason. On one hand, Nvidia dominates the AI market and has established an impressive track record of revenue growth. On the other hand, the company faces certain challenges these days, such as controls on chip exports to China and growing competition, that could weigh on growth moving forward.At times like these, it's interesting to take a look at what expert investors are doing. Though you may not follow their moves to the letter, they may offer you a bit of guidance or inspiration. In this case, let's look at something billionaire investor Ole Andreas Halvorsen did in the fourth quarter of last year.As disclosed on his 13F form -- a required filing for mangers of more than $100 million in securities -- Halvorsen significantly cut his position in Nvidia and loaded up on a big Nvidia AI customer. And this customer also happens to be the cheapest Magnificent Seven stock right now. Let's find out more.Continue reading
At this point in the artificial intelligence (AI) story, should I buy or sell Nvidia (NASDAQ: NVDA)? That question has been crossing the minds of many investors in recent times. And for good reason. On one hand, Nvidia dominates the AI market and has established an impressive track record of revenue growth. On the other hand, the company faces certain challenges these days, such as controls on chip exports to China and growing competition, that could weigh on growth moving forward.
At times like these, it's interesting to take a look at what expert investors are doing. Though you may not follow their moves to the letter, they may offer you a bit of guidance or inspiration. In this case, let's look at something billionaire investor Ole Andreas Halvorsen did in the fourth quarter of last year.
As disclosed on his 13F form -- a required filing for mangers of more than $100 million in securities -- Halvorsen significantly cut his position in Nvidia and loaded up on a big Nvidia AI customer. And this customer also happens to be the cheapest Magnificent Seven stock right now. Let's find out more.
