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Billionaire investor George Soros loaded up on 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,
while acquiring 10,000 shares of Nvidia Corp.
NVDA,
And Soros bought 10,000 shares of Microsoft Corp.
MSFT,
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 stake in Salesforce Inc.
CRM,
and 38,500 shares in Snowflake Inc.
SNOW,
Soros also increased his respective stakes in cybersecurity companies Cloudflare Inc.
NET,
by 200% to 600,000 shares, Okta Inc.
OKTA,
by 94% to 971,000 shares, and Rapid7 Inc.
RPD,
by 105% to 8.2 million shares.
Soros also increased his stake in Amazon.com Inc.
AMZN,
by 8.9% to just over 769,000 shares, while cutting his stake in Walmart Inc.
WMT,
The fund also shed positions in Netflix Inc.
NFLX,
and Goldman Sachs Group Inc.
GS,
