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Billionaire hedge fund managers have been adjusting their AI-related investments, with notable shifts from Nvidia to other AI stocks like Amazon and Taiwan Semiconductor during the second quarter. Ken Griffin of Citadel Advisors sold 9.2 million Nvidia shares, reducing his stake by 79%, while adding 1.1 million Amazon and 633,897 Taiwan Semiconductor shares, making Amazon his largest holding.
Philippe Laffont of Coatue Management also decreased his Nvidia stake, selling 96,963 shares, while purchasing 702,235 Amazon and 1.1 million Taiwan Semiconductor shares, which are now his second and third largest positions.
Despite these moves occurring months ago, both Amazon and Taiwan Semiconductor remain highly recommended by Wall Street. Analysts estimate significant growth for both, with Amazon’s 18% upside and Taiwan Semiconductor’s 15% potential gains. Investors are advised to consider these stocks for AI exposure, as their financial positions and market leadership in retail, cloud infrastructure, and semiconductor manufacturing align well with long-term trends in AI development.
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