Soros loads up on AI chip-makers Nvidia and AMD; sells Salesforce and Snowflake – MarketWatch
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” : ‘s.dev.’; const productHostName = `www.${productHostNamePrefix}${PRODUCT_DOMAIN[product]}`; return [productHostName, LOGIN_URL[product], `${(SHOP_URL[envGoogleEA] || SHOP_URL.dev)[product]}`]; }, _registerUser(credential) { const PRODUCT_DOMAIN = { WSJ: ‘wsj’, BOL: ‘barrons’, FN: ‘fnlondon’, MW: ‘marketwatch’, MG: ‘mansionglobal’ }; const EDITION_ID = { WSJ: ‘WSJ-EN_US’, BOL: ‘BARRONS-EN_US’, FN: ‘EFN-EN_US’, MW: ‘MARKETWATCH-EN_US’, MG: ‘MG-EN_US’ }; const REGISTRATION_SOURCE = { WSJ: ‘WSJ’, BOL: ‘BARRONS’, FN: ‘EFN’, MW: ‘MARKETWATCH’, MG: ‘MG’ }; const LOGIN_URL = { WSJ: ‘accounts.wsj.com/auth’, BOL: ‘accounts.barrons.com/auth’, FN: ‘accounts.dowjones.com/auth/fn’, MW: ‘accounts.marketwatch.com/auth’ }; const pageSiteProduct = window.utag_data.page_site_product; const registerUrlPrefix = envGoogleEA === ‘prod’ ? ” : ‘s.dev.’; const registerBasedUrl = `https://register.${registerUrlPrefix}${PRODUCT_DOMAIN[pageSiteProduct]}.com`; const registerEndpoint = `${registerBasedUrl}/api/createSocialConnectUser`; const loginUrlPrefix = envGoogleEA === ‘prod’ ? ” : ‘int.’; const loginBaseUrl = LOGIN_URL[pageSiteProduct]; const loginUrl = `https://${loginUrlPrefix}${loginBaseUrl}/google-login`; const targetUrl = new URL(window.location.href); targetUrl.searchParams.set(‘isGaa’, true); fetch(registerEndpoint, { method: ‘POST’, body: JSON.stringify({ id_token: credential?.credential, displayContextId: ‘SOCIAL_CONNECT’, returnUrl: window.location.href.split(‘?’)[0], editionId: `${EDITION_ID[pageSiteProduct]}`, registrationSource: `${REGISTRATION_SOURCE[pageSiteProduct]}` }), headers: { ‘content-type’: ‘application/json’, } }) .then((response) => { if (!response.ok) { console.error(‘GoogleEA: Social Connect Invalid Status Code’); return; } return response.json(); }) .then((userState) => { if (!userState) { console.error(‘GoogleEA: Social Connect No Data’); return; } window.location.href = `${loginUrl}?target=${encodeURIComponent(targetUrl)}`; }) .catch((err) => { console.error(`GoogleEA: Social Connect Err: ${err}`); }); } }; })() ]]]]]]]]>]]]]]]>]]]]>]]>
Last Updated: Aug. 13, 2023 at 10:18 a.m. ET First Published: Aug. 11, 2023 at 5:14 p.m. ET
Soros also increases cybersecurity positions, SEC filing reveals
George Soros loads up on AI hardware stocks lately.
Getty Images, iStockphoto
[]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%.
20 EV stocks that are expected to soar at least 38%, even after this year’s rebound
[]A screen of 144 stocks in industries related to electric vehicles and autonomous driving shows analysts expect the high-tech build-out to continue.
[]Wallace Witkowski came to MarketWatch from the Associated Press in New York, where he covered the business of Big Pharma, after covering FDA regulation of many of the same companies, as well as medical devices, in the Washington, D.C., area. Based in San Francisco, his current focus is on the more exciting world of semiconductors, videogames and cybersecurity, when he’s not churning out earnings coverage. Follow him on Twitter at: @wmwitkowski.
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