Billionaires Ray Dalio, Philippe Laffont, and Stanley Druckenmiller Are Selling Shares of Nvidia and Piling Into This Artificial Intelligence Stock-Split Player

Billionaire investors have flocked to artificial intelligence (AI) stocks in recent times, and many have scored major wins by investing early in today's market giant: Nvidia (NASDAQ: NVDA). Shares of the leading AI chipmaker are heading for a gain of about 170% this year and have climbed 2,300% over the past five years. This is thanks to Nvidia's triple-digit revenue growth quarter after quarter along with the company's commitment to innovation to stay ahead of rivals.But now, some of the world's most successful investors are unloading shares of Nvidia and turning to another AI player that potentially could soar in the coming quarters. Billionaires Ray Dalio of Bridgewater Associates, Philippe Laffont of Coatue Management, and Stanley Druckenmiller of the Duquesne Family Office each have made the same move. They've sold shares of Nvidia in favor of an AI player that, like Nvidia, completed a stock split this year.Though this company has seen its stock climb about 40% in 2024, its valuation remains lower than Nvidia's, suggesting there may be plenty of room for this AI player's stock to run. Let's find out more about the billionaires' moves and the potential of this stock they piled into in the third quarter.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool