Billionaire Israel Englander Sells Nvidia Stock and Buys an AI Stock Up 1,180% Since Early 2024

Nvidia (NASDAQ: NVDA) shares have advanced 180% since January 2024 amid incredible demand for its artificial intelligence platforms. But billionaire Israel Englander, CEO of hedge fund Millennium Management, sold down his position in the fourth quarter, while buying shares of AppLovin (NASDAQ: APP), an AI stock up 1,180% since January 2024.Englander is a good source of inspiration for investors because Millennium Management is the third most successful hedge fund in history as measured by net gains since inception, according to LCH Investment. Read on to learn more about Nvidia and AppLovin.Nvidia specializes in accelerated computing, a discipline that combines specialized hardware and software to speed up difficult data center workloads like artificial intelligence (AI). While the company is best known for graphics processing units (GPUs), chips often called AI accelerators, Nvidia is particularly formidable because it participates in so many parts of the AI economy.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool