Should You Sell Nvidia; Buy China? That's What This Billionaire Investor Is Doing
Tepper's fund dumped 3.73 million shares of Nvidia, or roughly $450 million worth of the top artificial intelligence (AI) stock, in Q2. That wasn't quite all of Appaloosa's stake. But it was more than 84% of it, leaving the fund with just 690,000 shares, representing roughly $90 million worth of the stock.
Optimism about rate cuts made it a great quarter for income-oriented fund investors after several months of lackluster ...
China's AI companies remain on track to further narrow the performance gap with their US peers as earlier concerns about ...
The result, then, is a rip-your-face-off rally for the ages. The CSI 300 index of Chinese stocks added more than 20 per cent in less than a week. Hong Kong’s Hang Seng index is now the best-performing ...
Jim Cramer recommends caution on Nvidia and Apple, and suggests considering Alibaba for potential rebound. Short sellers may ...
Beijing is stepping up pressure on Chinese companies to buy locally produced artificial intelligence chips instead of Nvidia ...
Nvidia stock has skyrocketed nearly 8x during the Biden Administration. Could a second Trump term spark a bigger run?
In a move to strengthen its semiconductor industry and counter U.S. sanctions, Beijing is reportedly encouraging Chinese ...
Shares in Cambricon and Semiconductor Manufacturing International Corp (SMIC), which are both partially owned by the Chinese ...
Financial writer revises 'Sell' view on NVIDIA post Q2 results, citing stable capex spending from top customers and Chinese ...
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