Billionaire David Shaw increased stake in Nvidia by 53% and reduced position in Supermicro by 89%.

From Nasdaq: 2024-12-05 06:45:00

Nvidia and Super Micro Computer are thriving in the AI market, with Nvidia leading in GPU sales for AI tasks, while Supermicro integrates top AI chips into its servers. Both companies have seen earnings skyrocket, with Nvidia and Supermicro stocks surging 2,600% and 1,700% respectively over the past five years.

Billionaire David Shaw’s hedge fund, D.E. Shaw & Co., holds shares in both Nvidia and Supermicro. Shaw recently increased his Nvidia position by 53% while cutting his Supermicro position by 89%. D.E. Shaw specializes in quantitative investing and has over $60 billion in investments, with AI companies dominating its top holdings.

Nvidia continues to innovate in the AI market, with the recent launch of its Blackwell architecture driving demand and revenue growth. The company predicts billions in revenue for the current quarter, building on its record-breaking revenue of over $35 billion in the latest quarter. Shaw’s increased stake in Nvidia signals confidence in its future success.

Supermicro, while facing challenges with financial reporting, remains a key player in the AI industry by integrating innovations from chip giants like Nvidia. Shaw’s reduced position in Supermicro reflects concerns over its reporting compliance. If Supermicro can address these issues, it may see significant growth potential, given the strong demand in the AI market.

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Read more at Nasdaq: Nvidia vs. Super Micro Computer Stock: Billionaire David Shaw Bought One and Sold the Other in the Third Quarter.