Billionaire Investors Reduce Nvidia Stakes, Buy Into Alphabet in Q4
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Billionaire investors like Israel Englander, Jeff Yass, and Steven Cohen sold over 1 million shares each of Nvidia stock in Q4 2022.
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They didn't sell all their Nvidia shares but reduced their positions significantly.
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Nvidia stock price is highly valued at 96x trailing earnings, so investors worry it could fall quickly if guidance disappoints.
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Billionaire investors bought millions of shares of Alphabet (Google) stock in Q4 2022.
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They like Alphabet for its strong core business like Search even if AI projects like Gemini fail. Alphabet trades at a reasonable 20.9x forward P/E.