Nvidia (NASDAQ: NVDA) has been the source of some incredible gains in both 2023 and 2024. However, some savvy investors are starting to sell, just in case Nvidia can't live up to the lofty expectations built into the stock. These investors include some billionaire hedge fund managers, such as David Tepper, who runs Appaloosa Management.

Is it time to follow suit? Or is there more upside for Nvidia?

If a portfolio of a hedge fund or public company has over $100 million in holdings, the entity must report these holdings quarterly to the SEC, which then makes that information publicly available 45 days after the quarter ends. So this information isn't always fresh. David Tepper and Appaloosa could have sold their chunk of Nvidia stock as early as April 1, even though we didn't learn about it until August 15.

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Source Fool.com