Billionaires Sell Nvidia Stock and Buy a Robotaxi Stock Up 300% in 3 Years (Hint: Not Tesla)
Nvidia (NASDAQ: NVDA) is ideally positioned to be a major player in the market for physical artificial intelligence (AI), a technology that lets autonomous machines such as cars and robots understand, navigate, and interact with the real world. Nevertheless, certain hedge fund billionaires sold shares in the first quarter:Meanwhile, those same hedge fund managers, and others, bought Uber Technologies (NYSE: UBER), a company well positioned to benefit from robotaxis and whose stock has soared 300% in the past three years.More broadly, recently filed Forms 13F show that the number of large institutional investors (i.e., those with at least $100 million in securities) holding Nvidia declined 2% sequentially in the first quarter. Meanwhile, the number of large asset managers holding Uber increased 8%. Read on to learn more about these stocks.Continue reading
Nvidia (NASDAQ: NVDA) is ideally positioned to be a major player in the market for physical artificial intelligence (AI), a technology that lets autonomous machines such as cars and robots understand, navigate, and interact with the real world. Nevertheless, certain hedge fund billionaires sold shares in the first quarter:
Meanwhile, those same hedge fund managers, and others, bought Uber Technologies (NYSE: UBER), a company well positioned to benefit from robotaxis and whose stock has soared 300% in the past three years.
More broadly, recently filed Forms 13F show that the number of large institutional investors (i.e., those with at least $100 million in securities) holding Nvidia declined 2% sequentially in the first quarter. Meanwhile, the number of large asset managers holding Uber increased 8%. Read on to learn more about these stocks.
