Billionaire Ken Griffin bought Nvidia shares and sold Taiwan Semiconductor shares, showing confidence in Nvidia.

From Nasdaq: 2024-11-22 04:50:00

Ken Griffin, CEO of Citadel, ranks 33rd on the Bloomberg Billionaires Index with a net worth exceeding $42 billion. He bought 4.7 million shares of Nvidia and sold 135,556 shares of Taiwan Semiconductor in the third quarter. This indicates increased confidence in Nvidia and potentially waning confidence in Taiwan Semiconductor.

Nvidia is a leader in GPUs used for AI applications, with 95% market share in AI accelerators. The company reported a 94% increase in revenue to $35 billion in the third quarter of fiscal 2025. Wall Street expects Nvidia’s earnings to grow at 48% annually through fiscal 2026, making the stock a compelling investment opportunity.

Taiwan Semiconductor, a major foundry service provider, saw a 36% revenue increase to $23.5 billion in the third quarter. The company’s advanced process technologies have attracted customers like Apple and Nvidia. Wall Street expects TSMC’s earnings to grow at 23% annually through 2025, making the current valuation of 30 times earnings reasonable for investors.

Investors should consider buying shares in Nvidia, a stock not included in the Motley Fool’s list of 10 best stocks. The Stock Advisor service provided guidance on building a successful portfolio and has outperformed the S&P 500 since 2002. Past performance shows that investing $1,000 in Nvidia in 2005 could have yielded $894,029.



Read more at Nasdaq: Nvidia Stock vs. Taiwan Semiconductor Stock: Billionaire Ken Griffin Buys One and Sells the Other