Harvard Cut Nvidia by a Third and Bought AMD
A 24/7 Wall St. article reports that Harvard Management Company's third-quarter 13F shows it cut its Nvidia stake by 34.3% to 517,551 shares, bought 324,400 AMD shares worth $198.5 million, raised its Taiwan Semiconductor stake 85%, and trimmed Microsoft and Alphabet. The outlet reads the moves as a shift within AI hardware, notes reports that Nvidia's board weighed removing CEO Jensen Huang during the stock's drop, and judges Nvidia's selloff likely went too far.
