Billionaire Israel Englander Sells Nvidia Stock and Buys an AI Stock Up 1,180% Since Early 2024

Nvidia (NVDA 2.63%) shares have advanced 180% since January 2024 amid incredible demand for its artificial intelligence platforms. But billionaire Israel Englander, CEO of hedge fund Millennium Management, sold down his position in the fourth quarter, while buying shares of AppLovin (APP 8.15%), an AI stock up 1,180% since January 2024.Englander sold 1.1 million shares of Nvidia, reducing his position by 10%. Nvidia is still the fifth-largest position in his portfolio excluding options contracts.Englander b ...