Nvidia shares see billionaire sell-off as Meta gains traction among AI investors
Some big-name billionaires are selling off Nvidia stock after years of huge gains. Stanley Druckenmiller dumped all his Nvidia shares last year. More recently, David Tepper and Philippe Laffont have cut their Nvidia positions.
Meanwhile, another AI contender is catching billionaire eyes — Meta Platforms. Tepper made Meta his fifth-largest holding after boosting shares 12%. Laffont trimmed Nvidia by 14% but upped Meta by nearly 2%, making it his top stock. 
Meta owns Facebook, Instagram, WhatsApp, and Messenger — apps with 3.4 billion daily users. The company is pushing its AI chops with its own large language model, Llama, and Meta AI, which is now the world’s most used AI assistant.
The strategy: use AI to keep users glued to social apps, boosting ad revenue. Meta is pouring up to $72 billion in capital spending this year to back its AI push.
Valuation-wise, Meta trades at 27 times forward earnings — pricier than a few months ago but still cheaper than Nvidia’s 33 times.
Tepper’s moves:
- Sold 55% of Nvidia stock, now holds 300,000 shares
- Increased Meta position by 12%, now 550,000 shares
Laffont’s moves:
- Cut Nvidia shares 14%, to 8.5 million
- Bumped Meta shares 1.9%, to 3.75 million
With big investors rotating from Nvidia to Meta, it could pay to hold both as the AI money flow shifts.
Randi Zuckerberg, former Facebook marketing director, is on The Motley Fool board. Adria Cimino holds no stock here. The Motley Fool holds and recommends Nvidia and Meta.
