Billionaires Sell Nvidia Stock and Buy a BlackRock ETF Wall Street Experts Say May Soar Up to 15,375%
In the fourth quarter, several prominent hedge fund managers sold Nvidia (NASDAQ: NVDA) and bought the iShares Bitcoin Trust (NASDAQ: IBIT), an exchange-traded fund issued by BlackRock that tracks the price of Bitcoin.The three billionaires mentioned above manage the three most successful hedge funds in history in terms of net gains since inception, according to LCH Investments. That makes them good sources of inspiration. Here's what investors should know about Nvidia and the iShares Bitcoin Trust.Nvidia reported excellent fourth-quarter financial results, beating expectations on the top and bottom lines. Revenue increased 78% to $39.3 billion on particularly strong growth in data center sales, and non-GAAP net income increased 71% to $0.89 per diluted share. The company also provided first-quarter guidance that exceeded estimates.Continue reading
In the fourth quarter, several prominent hedge fund managers sold Nvidia (NASDAQ: NVDA) and bought the iShares Bitcoin Trust (NASDAQ: IBIT), an exchange-traded fund issued by BlackRock that tracks the price of Bitcoin.
The three billionaires mentioned above manage the three most successful hedge funds in history in terms of net gains since inception, according to LCH Investments. That makes them good sources of inspiration. Here's what investors should know about Nvidia and the iShares Bitcoin Trust.
Nvidia reported excellent fourth-quarter financial results, beating expectations on the top and bottom lines. Revenue increased 78% to $39.3 billion on particularly strong growth in data center sales, and non-GAAP net income increased 71% to $0.89 per diluted share. The company also provided first-quarter guidance that exceeded estimates.
