Billionaire Dan Loeb sells Tesla stake, invests in Nvidia due to AI growth potential.
From Nasdaq: 2025-05-23 03:51:00
In May, significant data releases included earnings reports, Fed meetings, and updates on trade policies. Form 13Fs filed with the SEC revealed institutional investor trading activity for the March quarter.
Billionaire investor Dan Loeb, known for high returns, shifted from Tesla to AI stock. Concerns over Tesla’s growth potential, earnings quality, and unfulfilled promises led Loeb to sell off his Tesla stake.
Loeb added Nvidia to his portfolio, capitalizing on AI revolution. Nvidia’s AI technology and scarcity-driven pricing power make it a top choice. Loeb’s move reflects Nvidia’s more favorable valuation and growth potential.
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Read more at Nasdaq: Billionaire Dan Loeb Sold His Fund’s Entire Stake in Tesla and Is Piling Into Wall Street’s Preeminent Artificial Intelligence (AI) Stock