Billionaires Dump Nvidia and Microsoft, Embrace Amazon in Stock Shifts
• Billionaire investors sold large amounts of Nvidia and Microsoft stock in Q4 2022, possibly due to increasing competition in AI chips and high valuations.
• 8 billionaire investors reduced their stakes in Nvidia, the leading provider of AI accelerators, as rivals like AMD and Intel ramp up.
• 7 billionaires sold Microsoft stock, which is making big AI investments, likely due to historical patterns of next big thing investing bubbles.
• Amazon was popular with billionaire investors in Q4, with 8 adding to positions, attracted by high growth potential in cloud, subscriptions and ads.
• Amazon's low valuation relative to cash flow compared to historical norms may be another reason billionaires bought the stock last quarter.