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Billionaires Are Selling Nvidia Stock and Buying 1 Stock-Split AI Stock Hand Over Fist – The Motley Fool

Established hedge fund managers bought Broadcom shares in the second quarter. Artificial Intelligence (AI) Enthusiasts NVIDIA (NVDA 1.40%) The company has delivered impressive returns to shareholders recently, completing a 10-for-1 stock split in June to reset its skyrocketing share price. Still, the following hedge fund managers reduced their Nvidia positions in the second quarter and […]

Billionaires see net worth drop amid stock market turmoil

Robert Prechter, author of The Socio-Economic Theory of Finance, analyzes today’s economic environment in “Cavuto: Coast to Coast.” Several billionaires saw their net worths fall on Monday amid major turmoil in global markets. Amazon founder Jeff Bezos, Nvidia CEO Jensen Huang and Meta Platforms CEO Mark Zuckerberg were among the billionaires who saw their estimated […]

Silicon Valley cheers JD Vance, more tech billionaires back Trump

Donald Trump’s choice of Sen. J.D. Vance as his running mate for 2024 is being seen as a potential windfall for Silicon Valley, with major tech venture capital firms voicing their support. The Ohio Republican is best known as the author of the blockbuster memoir “Hillbilly Elegy,” which detailed the plight and concerns of Rust […]

Washington Post slammed for claiming pro-Trump billionaires shaped ‘shooting narrative’

Following the assassination attempt on former President Trump, the Washington Post has come under fire for a story that suggested a “billionaire Trump supporter helped craft the shooting.” “X’s right-wing business elite, including Elon Musk and hedge fund billionaire Bill Ackman, used their megaphones to back Trump and stoke the narrative about Saturday’s attack,” The […]

Sanders rips billionaires who ‘give up democracy’ to support Trump

Sen. Bernie Sanders (I-VT) slammed the billionaires who have been donating money to former President Donald Trump in his 2024 presidential campaign, calling them “greedy.” Sanders, who chairs the Senate Health, Education, Labor and Pensions Committee, said in an interview with MSNBC’s Chris Hayes: Called Billionaires who embraced the former president as a supporter of […]