The Nvidia Killer is Here
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Artificial intelligence could have already made you a millionaire… Because back in 2013, researchers from Stanford University built the “world's largest virtual brain” with Nvidia chips. This single event marked the beginning of the chipmaker's reign as the “King of AI.” You could've raked in 12,035%gains had you bought Nvidia shares when this story became public. That's enough to turn a $9,000 stake into more than $1 million. But there's no reason to beat yourself up for missing out on this life-changing opportunity. Today you have a second shot at six- or even seven-figure gains. Because there's a new player in town… One that's set to dethrone Nvidia. This off-the-radar company from California is about to release an AI chip that's superior to Nvidia's technology. I'm talking about a 100x performance boost. Access to this kind of chip is still highly restricted. The U.S. Air Force is one elite client that was allowed to use it early. But soon it will be available to the mainstream. And if you position yourself BEFORE this chip reaches the mass market, you could turn every $1 into $120… Just like early Nvidia investors did. I just published a brand-new presentation on this unique opportunity. Access is instant and free. Get the full story here while there's still time.
Warren Buffett’s Berkshire Hathaway sold 10mn Apple shares in the last three months of 2023, cutting into a position that the so-called Oracle of Omaha has called one of the “four giants” that account for most of his group’s value.
The sale, representing about 1.1 per cent of Berkshire’s holding in the technology company, was notable as Buffett had said as recently as 2021 that an earlier decision to cut its Apple stake was “probably a mistake”.
Apple has become a critical holding for Berkshire and now accounts for roughly a fifth of its market value. Buffett’s sprawling conglomerate, which owns the BNSF railroad and Geico insurer, first invested in the iPhone maker in 2016 at the direction of one of his two investment deputies: Todd Combs and Ted Weschler.
Buffett later supercharged the investment as he warmed to the technology company, and he spent tens of billions of dollars buying its stock. In 2022, he disclosed the cost of that stake was just over $31bn.
The bet has paid off handsomely. Even after the share sales, Berkshire’s 5.9 per cent position in Apple was worth $174bn at year-end, according to a filing with the Securities and Exchange Commission on Wednesday. That dwarfs its second-largest publicly traded investment: Bank of America.
Berkshire’s filing showed it had also slashed its holdings of printer and PC maker HP by 78 per cent, selling nearly 80mn shares in the fourth quarter, and had dumped 32 per cent of its stake in media company Paramount Global, offloading 30.4mn shares.
The wager on Paramount in 2022 has been closely watched by the media industry, and was seen as an endorsement of the company’s investment in its Paramount+ streaming platform, as well as its ability to compete with deeper pocketed rivals such as Netflix, Disney and Warner Bros Discovery.
However, it has been unclear from its inception whether Buffett himself had bet on the company, or if the trade had been directed by Combs or Weschler.
Paramount’s controlling shareholder, Shari Redstone, has held early talks with possible suitors for the company as it works to cut losses after an expensive streaming war weighed on its stock price.
Berkshire also exited its investments in payments business StoneCo, insurers Globe Life and Markel Corporation, and homebuilder DR Horton. The sale of DR Horton marked a sudden shift by an investor typically billed as a long-term holder; Berkshire disclosed it had invested in the largest US homebuilder just six months ago.
The stock sales meant that the number of securities Berkshire held in its multibillion-dollar stock portfolio fell to 41 at the end of 2023. That was down from 49 12 months earlier, as it exited stakes in companies including General Motors, UPS and Procter & Gamble earlier in the year.
Berkshire did not disclose any new investments in the fourth quarter of 2023, although it increased its holdings in satellite radio operator SiriusXM and in oil majors Chevron and Occidental Petroleum.
Berkshire did not immediately respond to a request for comment.
For a second quarter in a row, Berkshire also disclosed it had omitted at least one investment from the quarterly report, noting it had sought confidential treatment from the SEC. The company usually makes that request when it is in the midst of a significant purchase.
Sam Altman's Secret Plan to Take Down NVIDIA
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A huge bombshell has emerged in the OpenAI saga with CEO Sam Altman… OpenAI, the startup behind ChatGPT, recently witnessed a whirlwind of events surrounding Altman. In just five short days, he was dismissed by the board, hired by Microsoft, and then reinstated as the head of OpenAI. However, Bloomberg reports that prior to his departure from OpenAI, Altman was actively seeking to secure billions in funding for a brand new startup company… A secretive venture codenamed “Project Tigris.” “Project Tigris” is NOT focused on developing a new app or another version of ChatGPT. Its mission, spearheaded by Altman, revolves around the creation of a chip company… One that's poised to rival Nvidia, the chipmaker now worth over $1 trillion thanks to the AI boom. You see, Nvidia's chips were originally designed to serve just one purpose… To create ultra-realistic graphics in games such as Call of Duty and Counter-Strike. In other words… Nvidia's technology was never meant to power AI. Sam Altman's vision involves producing chips specifically designed to handle high-volume AI workloads. And are also cheaper than Nvidia's. In short, this was Sam Altman's Plan to Take Down Nvidia… However, what many investors might not be aware of is the emergence of a little-known company poised to achieve what Altman could not… This firm has beaten Altman to the punch with a patent-protected chip specifically designed to run AI on. This makes it much more powerful than Nvidia's tech, which was originally designed for video gaming. This chip boasts a 100x performance boost. The U.S. Air Force, Cisco, and Raytheon are just some of this firm's early elite clients. But soon this chip will be available to the mainstream… And if you position yourself before it reaches the mass market, you could turn every $1 into $120… Just like early Nvidia investors did. I just published an urgent presentation on this unique opportunity. Inside, I'll explain all the details and how you can position yourself today. Get the full story here while there's still time.
