From Nasdaq: 2024-06-06 04:06:00

Billionaires were busy buying and selling hypergrowth stocks in the first quarter, as revealed in the recent Form 13F filings. Palantir Technologies saw major purchases by top investors due to its unique data-mining platforms. Meanwhile, semiconductor giant Broadcom attracted six billionaire investors, thanks to its AI and smartphone capabilities. However, Meta Platforms faced a sell-off from nine billionaires, possibly due to profit-taking, unpredictable capex, and economic concerns. Despite short-term challenges, Meta’s long-term potential remains promising.



Read more at Nasdaq: 2 Hypergrowth Stocks Billionaires Are Buying Hand Over Fist, and 1 They’ve Sent to the Chopping Block