Paul Tudor Jones Cuts Microsoft Stake, Bets Big on AI Leaders Nvidia and Meta
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Billionaire investor Paul Tudor Jones recently cut his stake in Microsoft stock by 56% but boosted positions in 7 AI-focused "Magnificent Seven" stocks, including Nvidia and Meta Platforms.
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Nvidia is pioneering GPUs that power AI processing and just launched a new superchip to cement its leadership; Jones boosted Nvidia stake by 810%.
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Meta Platforms develops leading AI models like LLaMA and uses AI to improve video recommendations and digital ads; Jones more than doubled Meta stake.
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Jones seems to be betting big on AI leaders even as Microsoft advances on multiple AI fronts with Copilots and Azure cloud; reason for cutting Microsoft stake is unclear.
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Other "Magnificent Seven" AI stocks Jones bought are not named but likely include leaders leveraging AI technology to drive growth.