Palantir Billionaire Peter Thiel Sells Nvidia and Buys an AI Stock Up 476,900% Since Its IPO

Billionaire Peter Thiel is best known for his role in cofounding Palantir Technologies. But he also runs hedge fund Thiel Macro, which sold its entire stake in Nvidia (NASDAQ: NVDA) during the third quarter and reinvested the proceeds into Microsoft (NASDAQ: MSFT), a stock that has advanced 476,900% since its IPO in March 1986.I think Thiel's hedge fund abandoned Nvidia too early, but Microsoft is well positioned to benefit from the artificial intelligence (AI) revolution, even after achieving phenomenal gains over the last four decades. Here's what investors should know.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool