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Nvidia (NASDAQ: NVDA) has seen its stock price increase by 1,500% over the last five years, driven by consistent record revenue growth as a leader in the artificial intelligence (AI) market. However, several billionaires, including Stanley Druckenmiller, David Tepper, and Philippe Laffont, have recently sold portions of their Nvidia shares to invest in other AI opportunities.
Meta Platforms (NASDAQ: META) has emerged as a favored alternative among these investors. In the first quarter, Tepper reduced his Nvidia holdings by 55% while increasing his Meta position by 12%. Laffont cut his Nvidia stake by 14% and raised his Meta investment by 1.9%. Meta holds significant potential in AI through its innovations, such as the Llama large language model, and expects to invest up to $72 billion this year to bolster its AI initiatives.
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