Israel Englander Sells Nvidia, Buys AppLovin
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Billionaire Israel EnglanderThe Motley Fool
•Does Billionaire Israel Englander Know Something Wall Street Missed? He Sells Nvidia Stock and Buys an AI Stock Up 2,260% Since 2022
75% Informative
Billionaire Israel Englander sold 1.6 million shares of Nvidia (NASDAQ: NVDA ), cutting his position by 13% in the third quarter .
Englander bought 213,096 shares of AppLovin , upping his stake by 43% in same quarter .
Nvidia stock returned 705% over the last two years ; AppLivin stock returned 2,260% over same period.
One explanation for Englander 's trades is that he knows something most Wall Street analysts missed.
Wall Street expects AppLovin 's earnings to increase at 25% annually over the next three years .
That makes the current valuation of 102 times earnings look expensive.
Israel Englander may be selling shares in the fourth quarter .
He expects sales across the core mobile gaming business to grow at 20% to 30% annually .
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