Billionaires are making moves, and when they start shifting their portfolios, the rest of us tend to pay attention. Lately, there’s been a noticeable trend among some of the wealthiest investors selling off shares of NVIDIA (NASDAQ:NVDA). They are turning their attention to a lesser-known but fast-growing Canadian company: Topicus.com (TSXV:TOI). It’s an interesting shift, especially considering NVIDIA’s dominance in artificial intelligence (AI) and semiconductors. But as valuations soar and opportunities emerge elsewhere, big money is flowing north of the border.
What happened?
NVIDIA has been an absolute powerhouse in recent years. The company’s most recent earnings report showed a staggering US$35.1 billion in revenue. Up 17% from the previous quarter and an incredible 94% increase from the same period last year. Its data centre business, which supplies high-performance chips for AI development, was the star of the…
