Thu, December 5, 2024
Wed, December 4, 2024
[ Wed, Dec 04th 2024 ] - Thomas Matters
KGI: 2025 Market Outlook
[ Wed, Dec 04th 2024 ] - Thomas Matters
Best Penny Stocks Right Now
Tue, December 3, 2024
Mon, December 2, 2024
Sun, December 1, 2024
[ Sun, Dec 01st 2024 ] - Thomas Matters
Stocking Up for Christmas?
Sat, November 30, 2024
[ Sat, Nov 30th 2024 ] - Thomas Matters
3 ISA strategies to consider
Fri, November 29, 2024
[ Fri, Nov 29th 2024 ] - Thomas Matters
OUSA: A Solid Dividend Fund
Thu, November 28, 2024

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


//stocks-investing.news-articles.net/content/202 .. -artificial-intelligence-stock-split-player.html
Published in Stocks and Investing on Monday, December 2nd 2024 at 12:31 GMT by Thomas Matters   Print publication without navigation

  • 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,

Billionaires Ray Dalio, Philippe Laffont, and Stanley Druckenmiller have recently sold shares of Nvidia, a leading AI chipmaker, and are instead investing in Palantir Technologies, a company known for its AI-driven data analytics platforms. This shift in investment comes as Palantir announced a 10-for-1 stock split, aiming to make its shares more accessible to retail investors. Palantir has shown significant growth, with its stock price increasing by 200% over the past year, driven by strong demand for its AI solutions in both government and commercial sectors. The company's latest earnings report highlighted a 21% year-over-year revenue increase and a notable rise in U.S. commercial revenue by 40%. This move by high-profile investors underscores a broader trend of interest in AI and data analytics companies beyond just hardware providers like Nvidia.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/technology/tech-companies/billionaires-ray-dalio-philippe-laffont-and-stanley-druckenmiller-are-selling-shares-of-nvidia-and-piling-into-this-artificial-intelligence-stock-split-player/ar-AA1v6UaB ]

Publication Contributing Sources