Billionaire Israel Englander sells Nvidia stock and buys AppLovin stock, suggesting potential insights

From Nasdaq: 2024-12-04 04:45:00

Billionaire Israel Englander, CEO of Millennium Management, made interesting trades in Q3. Sold 1.6M Nvidia shares and bought 213,096 AppLovin shares. Wall Street sees 26% upside for Nvidia and 10% downside for AppLovin. Englander’s moves suggest potential insights or strategy shifts. Nvidia excels in AI with strong Q3 performance and growth projections. AppLovin offers ad tech solutions with impressive Q3 results, but high valuation. Investors should consider factors before investing in these stocks.



Read more at Nasdaq: Does Billionaire Israel Englander Know Something Wall Street Missed? He Sells Nvidia Stock and Buys an AI Stock Up 2,260% Since 2022