Soros sold Nvidia this quarter, wondering if he bought at 92.
The stock price of Nvidia (NVDA) has increased by over 700% since the beginning of this year due to a significant rally in technology sector stocks fueled by the potential of AI technologies. George Soros' investment firm and Carl Icahn's family office both exited their positions in Nvidia in the second quarter, as Steve Leach's Appaloosa Management also reduced its stake in the California tech giant by 84%. The SEC filings show that these funds have sold Nvidia shares at an estimated exit price above $130 per share. At the time of the split, Nvidia was trading at around $200 per share.
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