Renaissance Technologies dumps Nvidia for AMD and SpaceX in Q3
Renaissance cut its Nvidia stake by 99.7% in Q3 while boosting AMD by 140% and opening a $620M SpaceX position.
Nvidia share price
$168.74 −25.1% · 3 mo
What we know
Renaissance cut its Nvidia stake from 7.09M shares (~$1.4B) to 23,170 and disclosed a new $620M SpaceX position. Another post notes it raised AMD by 140%, making it the fund's second-largest holding, and that Druckenmiller's family office started an AMD position.
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@wallstengine
“Renaissance Technologies cut its Nvidia stake by 99.7% in Q3”
View post →@HedgeMind
“RenTech increased its AMD stake by 140% in Q3”
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