Billionaire investor George Soros loaded up on shares of AI chip makers while dumping stakes of some large cloud software names, according to a Securities and Exchange Commission filing late Friday.
In the quarterly filing, Soros Fund Management reported a new 250,000-share position in Advanced Micro Devices Inc.
AMD,
-2.41%,
while acquiring 10,000 shares of Nvidia Corp.
NVDA,
-3.62%.
And Soros bought 10,000 shares of Microsoft Corp.
MSFT,
-0.59%,
which is heavily invested in OpenAI’s ChatGPT generative artificial intelligence.
Earlier in the summer, Soros wrote, “I am instinctively opposed to AI, but I don’t know how it can be stopped.“
Meanwhile, Soros shed his entire 170,000-shares stake in Salesforce Inc.
CRM,
+0.22%,
and he sold 38,500 shares in Snowflake Inc.
SNOW,
-1.06%.
Soros also increased his respective stakes in cybersecurity companies Cloudflare Inc.
NET,
+0.51%
by 200% to 600,000 shares, Okta Inc.
OKTA,
-0.94%
by 94% to 971,000 shares, and Rapid7 Inc.
RPD,
+7.16%
by 105% to 8.2 million shares.
Soros increased his stake in Amazon.com Inc.
AMZN,
-0.11%
by 8.9% to just over 769,000 shares, while cutting his stake in Walmart Inc.
WMT,
+0.59%.
His fund also shed positions in Netflix Inc.
NFLX,
-1.93%
and Goldman Sachs Group Inc.
GS,
+0.10%.
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