From Nasdaq
March 5, 2025 7:06 am:

Billionaire investor Paul Singer, known for his activist positions, has raised concerns about the broader market and high-flying AI stocks like Nvidia. Singer’s Elliott Investment Management tripled its position in a stock that could see a 115% increase. Singer believes AI is overhyped and markets are risky due to leverage and risk-taking.

Elliott Investment Management, led by Singer, tripled its investment in Bitcoin through the Bitcoin treasury company Strategy. Strategy, formerly MicroStrategy, uses the capital markets to purchase large amounts of Bitcoin. Singer also commented on the Trump administration’s embrace of crypto and the desire for alternatives to the U.S. dollar.

Despite Singer’s skepticism about AI and market risks, Elliott’s bet on Strategy has paid off. Wall Street analysts recommend buying Strategy stock, with a price target implying a 115% upside. Strategy’s leveraged approach means more gains when Bitcoin rises and heavier losses when it struggles.

The Motley Fool’s Stock Advisor team identified Strategy as a stock to watch, but it wasn’t in their top 10 picks. The service has historically outperformed the S&P 500 and provides guidance on building a successful portfolio. Investing in top stock picks like Nvidia in the past has yielded significant returns.

Read more at Nasdaq: Billionaire Investor Paul Singer Just Made a Massive Bet Against Nvidia and Tripled His Position in a Stock That Wall Street Analysts Think Can Soar 115%