Billionaires Are Selling Nvidia Stock and Buying 1 Stock-Split AI Stock Hand Over Fist
Artificial intelligence (AI) aficionado Nvidia (NASDAQ: NVDA) has generated incredible returns for shareholders of late, so much so that the chipmaker completed a 10-for-1 stock split in June to reset its soaring share price.
Even so, the hedge fund managers listed below trimmed their positions in Nvidia during the second quarter while reinvesting profits in (NASDAQ: AVGO), another semiconductor company that recently completed a 10-for-1 stock split.
Those three money managers run the best-performing hedge funds as measured by net gains since inception, so trades made by Englander, Griffin, and Shaw are noteworthy. Here's what investors should know about Nvidia and Broadcom.
Source Fool.com
Broadcom Ltd. Stock
€151.30
0.560%
The stock is an absolute favorite of our community with 68 Buy predictions and no Sell predictions.
Based on the current price of 151.3 € the target price of 1382 € shows a potential of 813.42% for Broadcom Ltd. which would more than double the current price.
