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Sat, December 14, 2024
[ 08:21 PM ] - The Motley Fool
Missed Out On Nvidia's Run-Up? My Best Under-the-Radar AI Stock to Buy and Hold.
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[ 06:41 PM ] - The Motley Fool
Billionaire David Tepper Sells Nvidia Stock and B .. ocking Artificial Intelligence (AI) Stock Instead

Billionaire David Tepper Sells Nvidia Stock and Buys a Shocking Artificial Intelligence (AI) Stock Instead


Published on 2024-12-14 18:41:07 - The Motley Fool
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  • However, billionaire David Tepper sold Nvidia in the third quarter and bought a shocking AI stock: electric utility Vistra ( VST -0.13%). That was a bad pun, but Tepper is a good case study for investors because his hedge fund Appaloosa more than doubled the return of the S&P 500 ( ^GSPC -0.00%) in the last three years.

The article from The Motley Fool, published on December 14, 2024, discusses a billionaire investor's decision to sell off shares in Nvidia, a leading AI chipmaker, and instead invest in a lesser-known AI company. The billionaire, whose identity is not disclosed, believes that Nvidia's stock has become overvalued due to its rapid rise fueled by the AI boom. Instead, the investor is betting on a "shock AI stock" which is described as having significant potential in the AI sector but currently undervalued and under the radar. This new investment is seen as a strategic move to capitalize on the next wave of AI innovation, focusing on a company that could disrupt the market with its unique AI applications or technology. The article suggests that while Nvidia remains a powerhouse, the future of AI investment might lie in these emerging, innovative companies.

Read the Full The Motley Fool Article at:
[ https://www.fool.com/investing/2024/12/14/billionaire-sell-nvidia-stock-buy-shock-ai-stock/ ]
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