Bridgewater Associates продаде 27% от принадлежащите му акции на Nvidia – haroonabadvital.com
Bridgewater Associates, the world’s largest hedge fund by assets, made adjustments to its technology stock portfolio in the third quarter of 2024 by reducing its stake in Nvidia Corp.
Bridgewater sold $1.8 million in Nvidia stock — which represented about 27% of all the hedge fund’s holdings of that company — so it owned 4.8 million shares at the end of the quarter. Nvidia Securities. This is evidenced by the documents sent by the hedge fund to the Securities and Exchange Commission (SEC) in the United States.
In the first nine months of 2024, Nvidia shares rose 145%, while the S&P 500 rose 21%.
Since the beginning of the fourth quarter alone, Nvidia stock has risen 14%.
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Experts believe US President-elect Donald Trump’s plans to sharply increase tariffs on imported goods, including Chinese goods, could create problems for Nvidia’s supply chain, MarketWatch notes.
At the same time, the AI market landscape is changing, and other companies, including Super Micro Computer Inc., are likely to benefit from its growth.
Super Micro shares rose an impressive 46% from January to September, but have fallen 22% since the start of the fourth quarter amid allegations of irregularities that forced it to delay publishing its financial statements for the fiscal year.
Bridgewater bought 1.45 million shares during the third quarter. Super Micro shares are now owned at 1.611 million. Company securities.
The hedge fund also bought 437,268,000 shares of Palantir Technologies Inc., a provider of large database solutions, and 364,292,000 shares of Advanced Micro Devices Inc. (AMD).
Palantir’s market cap rose 117% in the first nine months of this year and jumped 80% in the fourth quarter alone. AMD stock rose just 11% from January to September and has lost 16% in the current quarter.
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