Tesla's shares have also surged by 106% this year, with Elon Musk's emphasis on the company's AI prospects contributing to the surge. However, some funds like those of Cohen and Soros eliminated their positions in Tesla. Microsoft's shares, which slumped by nearly 30% in 2022, have jumped by 55% this year, partly fueled by the company's reported $10 billion investment in OpenAI. While some top investors have increased their stakes in Microsoft, others like Lone Pine and Viking pared down their stakes.
Key takeaways:
- Microsoft, Nvidia, and Tesla have been among the best performers in the stock market this year, largely due to the rise of artificial intelligence.
- Top investors such as Dan Loeb, Jim Simons, Paul Tudor Jones, Stanley Druckenmiller, Steve Cohen, David Tepper, Jeremy Grantham and George Soros have significantly increased their stakes in Nvidia.
- Despite the surge in Nvidia's stock, investors remain divided with some, like Lone Pine and Viking Global, selling out entirely.
- Microsoft's shares have also seen a significant increase, with top investors like Tepper's Appaloosa, Tudor Jones' firm, Cohen's Point72, and Dalio's Bridgewater increasing their stakes.