Wall Street Titans Trim Nvidia Holdings Despite AI Boom

Recent filings reveal that despite Nvidia`s remarkable 709% stock surge in 2023, driven by its dominance in AI-powered data center technology, several prominent billionaire investors reduced their holdings in the company during the second quarter. While Nvidia`s near-monopoly in the sector and high demand for its H100 GPU have allowed for significant price increases and profit margins, some investors appear to be questioning the sustainability of this growth.