Billionaire David Shaw Is Selling Nvidia and Buying This Other Artificial Intelligence (AI) Chip Stock Instead

By Yahoo! Finance | Sep 27, 2024 at 06:05 AM EST

Hedge funds must file form 13F quarterly with SEC. Notably, D. E. Shaw sold Nvidia stock and bought Broadcom, a strategic move due to Nvidia's competitive challenges. Broadcom's diversified business and unique position in the chip market make it an attractive investment compared to Nvidia.

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