Billionaires are selling Nvidia shares and investing in Broadcom for AI market growth

From Nasdaq: 2024-12-02 04:15:00

Billionaire investors are cashing in on artificial intelligence (AI) stocks, with Nvidia (NASDAQ: NVDA) leading the pack with a 170% gain this year and a 2,300% increase over the past five years. However, some investors are shifting their focus to Broadcom (NASDAQ: AVGO), a networking giant poised for growth in the AI market.

Ray Dalio, Philippe Laffont, and Stanley Druckenmiller have sold Nvidia shares in favor of Broadcom, citing the potential for growth. Despite this, they still believe in Nvidia’s potential and are optimistic about Broadcom’s future in the high-growth AI market.

Broadcom has seen strong demand for its products, particularly in the AI sector, driving a 47% increase in revenue in the latest quarter. With forecasts predicting a $1 trillion AI market by the end of the decade, Broadcom is expected to see continued growth, making it an attractive investment opportunity.



Read more at Nasdaq: Billionaires Ray Dalio, Philippe Laffont, and Stanley Druckenmiller Are Selling Shares of Nvidia and Piling Into This Artificial Intelligence Stock-Split Player