Meanwhile, Bill Ackman increased his exposure to AI by purchasing about 1.3 million of Alphabet's Class C shares, raising the value of its position to $1.1 billion. Several leading investors and funds, including Dan Loeb's Third Point, David Tepper's Appaloosa Management, and Stanley Druckenmiller's Duquesne Family Office, also invested heavily in Nvidia, betting on the continued boom in artificial intelligence.
Key takeaways:
- Warren Buffett's Berkshire Hathaway invested in three homebuilders last quarter: Lennar, NVR, and DR Horton, indicating a bullish stance on the US housing market.
- Michael Burry revealed short positions against the S&P 500 and Nasdaq.
- Bill Ackman increased his exposure to AI by purchasing about 1.3 million of Alphabet's Class C shares, raising the value of its position to $1.1 billion at the end of June.
- Several top investors and funds, including Dan Loeb's Third Point, David Tepper's Appaloosa Management, and Stanley Druckenmiller's Duquesne Family Office, significantly increased their stakes in Nvidia, betting on the continued boom in artificial intelligence.