Big Tech Stocks Soar in AI and EV Bet - Top Investors Split on Outlook
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Microsoft, Nvidia, and Tesla shares have soared this year as investors bet on AI and electric vehicles. Firms tied to David Tepper, Jim Simons, and Philippe Laffont held onto or added Nvidia.
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However, Michael Burry purchased put options to bet against chip stocks including Nvidia. Tiger Cubs Lone Pine and Viking invested in Nvidia earlier then sold out.
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Steve Cohen and George Soros eliminated Tesla stakes while Tepper bought then sold 150,000 shares this year. Long-term holders include Ark and Baron Capital.
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Microsoft jumped on its $10B OpenAI investment. Daniel Loeb, Stanley Druckenmiller, and David Tepper increased their Microsoft holdings.
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Lee Ainslie halved his Microsoft stake while Lone Pine and Viking pared theirs. TCI sold its entire 11 million+ share Microsoft position.