The hedge fund Citadel reduced its NVIDIA holdings from $60 million at the end of March to $19 million at the end of June. This significant reduction occurred during the second quarter of 2024, with Citadel offloading approximately 500,000 shares of the AI chip giant. The move aligns with a broader trend observed among several billionaire investors and hedge funds, who have been selling off their NVIDIA positions despite the company’s substantial gains in the AI sector.
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Credit: Perplexity.ai