Although Nvidia (NASDAQ: NVDA) stock has rallied massively in recent months thanks to its role in the artificial intelligence (AI) space, several renowned billionaire investors exited the company, missing out on the rally.
Notably, Nvidia’s momentum has been driven by fundamentals such as its next-generation Blackwell chips, which have fueled over 100% year-over-year revenue growth, with data centers leading the surge.
The company has also regained access to the Chinese market under a revised U.S. trade deal, boosting sentiment around the technology giant.
At the close of the last trading session, NVDA shares were valued at $183, reflecting year-to-date gains of about 36%.
In this regard, Finbold has identified the following two billionaire investors who missed the rally:
Stanley Druckenmiller
Stanley Druckenmiller, founder of Duquesne Family Office and one of the most successful hedge fund managers, exited Nvidia in a series of transactions.
Filings indicate that Druckenmiller sold all 9,500,750 split-adjusted Nvidia shares between June 30, 2023, and September 30, 2024. On June 30, 2024, Nvidia stock was trading at $121. Since his last sale, the stock has climbed 51.3%, representing roughly $589 million in foregone gains.
Interestingly, the billionaire has openly admitted that selling was a “big mistake,” saying he underestimated the staying power of the AI boom.
George Soros
George Soros, the financier and philanthropist behind Soros Fund Management, also dumped his stake in the chipmaker over the past year at the height of Nvidia’s AI boom.
In Q2 2024, Soros Fund Management sold its remaining 220,000 Nvidia shares, with the stock trading at $123 at the quarter’s end.
The move was part of a broader strategy to trim U.S. tech exposure and reallocate capital to opportunities such as Chinese e-commerce giant Alibaba (NYSE: BABA). But with Nvidia now up 48.9% since that sale, Soros left about $13.6 million on the table.
With these exits in the rearview, there’s anticipation that Nvidia’s stock could see further upside in the coming months.
For now, attention has shifted to the company’s upcoming Q2 2025 earnings set for the end of August. The report is expected to highlight revenue from the Blackwell chip, with investors watching future guidance, especially given the renewed opportunity to sell its chips in China.
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