From Nasdaq: 2024-04-08 05:06:00

The skepticism surrounding legacy automakers like General Motors is that they would be left in the dust by cutting-edge electric vehicle (EV) manufacturers. However, with global EV demand hitting what appears to be a temporary peak, GM’s highly profitable internal combustion engine (ICE) lineup is back in focus.

Though EVs should grow into a larger percentage of new vehicle sales in the years to come, GM’s highly profitable ICE segment affords the company the ability to spend aggressively or slow production with its EV segment to avoid steep losses or margin degradation. General Motors is also profitable in China, the world’s leading auto market.

Two highly successful billionaire investors who chose to invest in value stocks while trimming their stakes in Nvidia include Philippe Laffont of Coatue Management and Jeff Yass of Susquehanna International. Stocks they purchased include Pfizer, Alibaba, AT&T, Teva Pharmaceuticals, General Motors, and NextEra Energy. The investors focused on companies with strong fundamentals and promising growth potential, despite short-term challenges.

In the rapidly evolving landscape of Wall Street investment trends, artificial intelligence (AI) remains a hot topic. Innovations such as genome decoding and blockchain technology have captured investors’ attention, but AI stands out for its potential to add $15.7 trillion to the global economy by 2030, according to analysts at PwC. Leading billionaire investors have been repositioning their portfolios, selling stakes in AI stocks like Nvidia and shifting to value stocks with strong growth potential.



Read more at Nasdaq: Forget Nvidia: 3 Prominent Billionaire Investors Are Selling It and Buying These 6 Value Stocks Instead