Billionaire Stanley Druckenmiller Sells Nvidia Stock and Buys Another Stock-Split AI Stock. Does He Know Something Wall Street Doesn't?
Big Tech will lean heavily into AI agents in 2025. And if the technology works as promised, it could make some tedious tasks a lot easier.
It didn’t take long to figure out how he wanted to play the trend.“Whenever you look at AI, it’s like, all the roads lead to Nvidia,” said MacGillivray, who’s spent thousands of dollars on shares this year from his home in Michigan.
Offering a solution to the problem, the Nvidia research manager claimed that soon embodied AI agents will be simulated as an iron fleet. Notably, embodied AI agents are AI systems integrated with a physical body or a simulated embodiment, enabling them to interact with and perceive the world like humans or animals.
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Palantir is a “rare cult with no sex and very little drugs and we’re not poisoning anyone,” quipped its billionaire CEO in a recent sitdown.
It’s been a record-breaking year for artificial intelligence darling Nvidia’s stock, with analysts overwhelmingly bullish about the year to come.
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Nvidia is estimated to be paying $700 million for the Israeli AI company. The acquisition was originally announced in April.
As 2024 comes to a close, artificial intelligence (AI) has strengthened its position as a transformative force, not just in technology but also in the financial markets. Investors flocked to securities that reflected the AI revolution and broader economic themes.