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AI bubble burstsThe Motley Fool
•79% Informative
Eight billionaire investors -- nine if you include the recently passed Jim Simons of Renaissance Technologies -- sent shares of Nvidia (NASDAQ: NVDA ) packing, including (total shares sold in parenthesis): Philippe Laffont of Coatue Management ( 2,937,060 shares) Ken Griffin of Citadel Advisors.
David Tepper of Appaloosa Management ( 348,000 shares) David Cohen of Point72 Asset Management ( 304,505 shares) The company's gross margin came in at a scorching-hot 78.4% during its fiscal first quarter .
During the first quarter , nine billionaires piled into Amazon stock.
Three of the biggest sellers of Nvidia stock ( Laffont , Griffin , and Englander ) were buyers of Amazon shares.
Amazon 's exceptional growth in cash flow has everything to do with its trio of fast-growing ancillary operating segments.
The Motley Fool recommends the following options: long January 2026 $ 395 calls on Microsoft and short January 2026 $ 405 calls on Microsoft . The Motley Fool has a disclosure policy. Forget Nvidia: Billionaires Are Selling the Artificial Intelligence (AI) Giant and Piling Into This "Magnificent Seven" Stock Instead was originally published by The Motley Fool .
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