From Nasdaq: 2025-04-16 03:06:00

In a volatile two-week period, Wall Street experienced significant swings, reminiscent of past market crashes. Despite record gains for major indexes, President Trump’s tariff announcement led to historic point declines. Billionaire investors, anticipating market turbulence, sold shares of high-flying stocks like Palantir Technologies, expressing concern over the company’s growth prospects and valuation.

Palantir Technologies, an AI-driven data-mining specialist, saw billionaire investors like Philippe Laffont and Stanley Druckenmiller sell off shares due to uncertainties surrounding federal spending and economic growth. The company’s high valuation and dependence on government contracts raise concerns about its sustainability in the face of changing market conditions.

Nvidia, a dominant player in AI hardware, also faced selling pressure from billionaire investors like David Tepper and Stephen Mandel. The company’s reliance on AI-related revenue streams and potential competition threaten its market position, while its valuation remains elevated despite recent declines.

Chipotle Mexican Grill, a popular fast-casual restaurant chain, saw major investors like Philippe Laffont and Bill Ackman sell off shares amid concerns about its valuation and growth prospects. Inflationary pressures and slowing sales growth raise doubts about the company’s ability to maintain its premium pricing and customer base.

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Read more at Nasdaq: 3 Pricey Stocks Billionaire Money Managers Sold Ahead of Wall Street’s Historic Volatility