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Nvidia Stock vs. Apple Stock: Billionaires Are Buying One and Selling the Other


Published on 2024-12-06 00:01:19 - The Motley Fool
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  • Cliff Asness at AQR Capital Management purchased 719,710 shares of Nvidia, increasing his stake by 5%. He also sold 102,651 shares of Apple, reducing his position by 1%. Nvidia is now the largest holding in the portfolio, and Apple is the second largest.

The article from The Motley Fool discusses the investment moves of billionaire investors in Nvidia and Apple stocks during the third quarter of 2024. Nvidia, known for its advancements in AI and graphics processing, saw mixed reactions from investors. While some like Israel Englander of Millennium Management increased their stakes, others like Ken Griffin of Citadel Advisors reduced their holdings. Apple, on the other hand, experienced a general trend of selling among billionaire investors, with notable figures like Jim Simons of Renaissance Technologies and Ken Fisher of Fisher Investments significantly cutting back on their shares. This shift in investment patterns reflects broader market sentiments and strategic portfolio adjustments by these high-profile investors.

Read the Full The Motley Fool Article at:
[ https://www.fool.com/investing/2024/12/05/nvidia-stock-apple-stock-billionaires-buy-and-sell/ ]