Several hedge fund billionaires, including Louis Bacon, Israel Englander, and Philippe Laffont, sold significant portions of their Nvidia (NASDAQ: NVDA) holdings in Q1 2024, shifting investments to Palantir Technologies (NYSE: PLTR) and Super Micro Computer (NASDAQ: SMCI).
Palantir, praised for its data analytics capabilities, and Supermicro, a leader in AI server manufacturing, have shown impressive year-to-date returns of 59% and 198%, respectively.
Analysts highlight Supermicro's rapid market entry and Palantir's strong product demand. While Palantir's high valuation warrants caution, Supermicro's earnings growth makes it an attractive buy. Investors should consider these shifts when evaluating their AI stock portfolios.
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