The Boring Trade Is On: Billionaires Are Paring Their Positions in AI Stocks Like Nvidia and Palantir and Piling Into a Sector the Market Left for Dead for 2 Years

Investors often fall in love with stocks. However, the best investors learn to invest unemotionally. This typically involves buying bad companies at great valuations, selling great companies at bad valuations, or buying wonderful companies at fair prices.This theme seemed to play out in the third quarter of the year, as billionaires running large funds started to move out of high-flying artificial intelligence stocks like Nvidia (NASDAQ: NVDA) and Palantir (NASDAQ: PLTR) and into more traditional sectors that are admittedly quite boring compared to AI and high-growth tech. Billionaire investors even piled into a sector that investors have -- until recently -- ignored amid a two-year bull market. Let's take a look.Artificial intelligence has been the main driver of this bull market, as investors believe AI could be the biggest technological innovation since the advent of the internet. Companies have spent heavily to compete in the new world. Investors have ponied up to be a part of it, seemingly buying any stock that has an AI narrative and a large potential market -- even if the size of the market and actual uses are still somewhat vague.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool