Then, an AI frenzy hit the stock market in 2023, sending Nvidia’s stock soaring. Now, Nvidia shares are closing in on $800 and June is looking for opportunities to buy more. They sought even bigger returns and piled into several niche exchange-traded funds that offer magnified exposure to Nvidia stock. Atreides started buying Nvidia shares in the fourth quarter of 2022, according to regulatory filings. But as Nvidia shares kept soaring, Baker started selling.

Source: Wall Street Journal February 24, 2024 14:44 UTC