Billionaire Investors Miss Out on AI Stock Gains After Premature Selloffs
-
Nvidia's graphics processing units are the infrastructure backbone of the AI movement, but several billionaire investors sold off shares too early, missing out on huge gains in 2023.
-
Server company Super Micro Computer has seen its share price surge over 870% thanks to high demand for its AI and cloud computing hardware, but billionaires also prematurely sold off shares.
-
Semiconductor IP company Arm Holdings went public in mid-2022 and has seen shares jump over 70% in 2023, but several top investors sold their stakes in Q4 2022, leaving gains on the table.
-
Investors worry elevated valuations for companies like Super Micro and Arm could lead to bubbles in AI-related stocks.
-
Billionaire investors like Ken Griffin and Steven Cohen missed out on hundreds of millions in potential profits after their funds pared positions in red-hot AI stocks.