Billionaires selling Nvidia and Meta, buying Amazon for its profitable segments

From Nasdaq: 2024-05-23 05:06:00

The deadline for institutional money managers to file Form 13F with the SEC passed last week, allowing investors to see what top billionaires were buying and selling in the first quarter, particularly the “Magnificent Seven” stocks. Nvidia and Meta Platforms saw billionaires selling, while Amazon was the clear buy with nine billionaire investors purchasing shares. Amazon’s cloud services, advertising and subscription segments make it an attractive investment.



Read more at Nasdaq: Meet the 2 “Magnificent Seven” Stocks Billionaires Are Selling, and the 1 They Can’t Stop Buying