Palantir Stock vs. Taiwan Semiconductor Stock: Wall Street Says Buy One and Sell the Other
Recent trading activity from some of Wall Street's most-followed investors shows a clear pattern between some of the hottest stocks fueling the artificial intelligence (AI) movement.
Following the end of each calendar quarter, institutional investors are required by the Securities and Exchange Commission (SEC) to file a Form 13F. A 13F serves as a public ledger, breaking down which stocks the "smart money" on Wall Street bought and sold during the most recent quarter.
For the last few years, institutional investors haven't been able to stop buying artificial intelligence (AI) stocks. Chief among popular buys for most of the last two years are "Magnificent Seven" darling Nvidia and data mining specialist Palantir Technologies (NASDAQ: PLTR).
However, while combing through some recent filings and trading data, it would appear that some of Wall Street's most closely followed personalities are dumping Palantir stock and redeploying their gains into another AI semiconductor stock -- Taiwan Semiconductor Manufacturing (NYSE: TSM).
