Billionaire David Shaw Is Selling Nvidia and Buying This Other Artificial Intelligence (AI) Chip Stock Instead
Below, I've outlined why D.E. Shaw's recent sale of Nvidia and purchase of another chip stock, Broadcom (NASDAQ: AVGO), may look like a savvy move in the long run. Last quarter D. E. Shaw sold 12.1 million shares of Nvidia, reducing its position by about 51% in the process.