Billionaire Israel Englander Is Selling Nvidia and Buying These Other Artificial Intelligence (AI) Stocks Instead

Each quarter, institutional investment firms managing over $100 million are required to file a form 13F with the Securities and Exchange Commission (SEC). I like to think about 13Fs as an itemized receipt outlining which stocks Wall Street is buying and selling.While analyzing the filings from Millennium Management, a hedge fund run by billionaire investor Israel Englander, I came across something pretty interesting. During the third quarter, Englander trimmed Millennium's position in Nvidia by a modest 12.6%. While this may not seem like much, consider that Millennium has been a net seller of Nvidia stock for four consecutive quarters now.Below, I'm going to explore two other darlings in the artificial intelligence (AI) realm that Millennium has been buying lately as the fund appears to be taking a breather from Nvidia.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool