Billionaires Are Selling Nvidia and Buying a Bitcoin ETF That Cathie Wood Thinks Could Soar Up to 3,700%

Many billionaire investors loaded up on Nvidia's (NASDAQ: NVDA) stock as it soared over the past few years. That wasn't surprising, since its soaring sales of artificial intelligence (AI)-oriented data center GPUs turned it into one of the market's hottest growth stocks.Yet it also wasn't surprising to see some of those big investors reduce their exposure to the chipmaker after its 2,100% run over the past five years. Nvidia is still growing like a weed, but it still faces longer-term challenges like export curbs against China, potential antitrust probes, and competition from other AI chipmakers. The macro headwinds could also eventually drive more companies to rein in their spending on new AI software and hardware.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool