Billionaire investor George Soros has made significant changes to his investment portfolio, according to a recent filing with the Securities and Exchange Commission. Soros Fund Management has reported a new position in Advanced Micro Devices Inc. (AMD), acquiring 250,000 shares. Additionally, Soros purchased 10,000 shares of Nvidia Corp. (NVDA) and Microsoft Corp. (MSFT).
It is worth noting that Microsoft has a strong presence in the artificial intelligence (AI) space through its investment in OpenAI's ChatGPT generative AI technology. This acquisition suggests Soros's growing interest in the AI sector, despite his previous statements expressing skepticism about the technology.
In contrast, Soros completely divested his stake in Salesforce Inc. (CRM) and reduced his holdings in Snowflake Inc. (SNOW). He has also increased his investments in cybersecurity companies, boosting his stakes in Cloudflare Inc. (NET), Okta Inc. (OKTA), and Rapid7 Inc. (RPD).
Furthermore, Soros has increased his stake in Amazon.com Inc. (AMZN) by 8.9%, now holding just over 769,000 shares. However, he has reduced his position in Walmart Inc. (WMT).
Soros Fund Management has also made the decision to shed positions in Netflix Inc. (NFLX) and Goldman Sachs Group Inc. (GS).
These changes indicate Soros's strategic moves to reallocate his investments, focusing on AI chip makers like Advanced Micro Devices Inc. and Nvidia Corp. while reducing exposure to certain cloud software companies.
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