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Recently, a few billionaire investors decided to cash in on their NVIDIA (NASDAQ:NVDA) shares, riding the wave of the company’s booming success in the artificial intelligence (AI) market. Big names like Steve Cohen of Point72 and George Soros have trimmed their NVIDIA holdings, likely locking in some profits after the stock’s massive run-up this year. It seems they’re taking a cautious approach, pocketing gains while still keeping an eye on future opportunities in the AI space. It’s a classic case of “sell high and enjoy the ride!” But what are they buying instead?
Why the sell?
Billionaires selling NVIDIA might seem surprising at first, given the company’s skyrocketing success in the AI world, but there’s often a method to their madness. One reason could be that they’re simply taking profits after the stock’s massive rally. With NVIDIA reaching record highs, some investors prefer to…
