“Billionaires Are Selling Nvidia Stock and Buying an Index Fund That Could Soar 43%, According to a Wall Street Analyst”
September 18, 2024
“…The hedge fund managers listed below (all of whom are billionaires) sold Nvidia stock in the second quarter while buying shares of the iShares Russell 2000 ETF (NYSEMKT: IWM), an index fund that tracks the small-cap Russell 2000…
...Ken Griffin and David Shaw run the best-performing hedge funds as measured by net gains since inception. Neither fund manager closed their position in Nvidia, so we can’t assume they have lost confidence in the chipmaker. But we can assume they are bullish about small-cap stocks…”
https://finance.yahoo.com/news/billionaires-selling-nvidia-stock-buying-091500076.html
Do they know something we dont? Like weakness in Nvidia for example? Maybe a pullback or even worse a collapse in said stock? In my opinion people tracking meme stocks should also be watching Nvidia as well.