Billionaire hedge fund managers are selling Nvidia and buying Alphabet instead

From Barchart: 2024-05-26 03:46:00

Billionaire hedge fund managers such as Stanley Druckenmiller and David Tepper have been taking profits in Nvidia in the first quarter. At the same time, top hedge fund managers like Chase Coleman and Glen Kacher are investing in Alphabet. The interest in Alphabet is driven by its attractive valuation and dominant businesses in Google search and YouTube. With the potential for growth in AI and other areas, Alphabet presents a compelling investment opportunity for retail investors as well. The company’s long runway for growth and multiple expansion potential make it a buy recommendation for investors looking to capitalize on its future prospects.



Read more at Barchart: Billionaires Are Selling Nvidia and Buying Up This Stock Instead