George Soros reveals his new positions in AI chip makers and his reduced stakes in cloud software providers

Billionaire investor George Soros has recently made significant changes to his investment portfolio, with a particular focus on artificial intelligence (AI) chip makers. According to a Securities and Exchange Commission filing, Soros Fund Management has reported a new position in Advanced Micro Devices Inc. (AMD) with 250,000 shares. Additionally, Soros has acquired 10,000 shares of Nvidia Corp. (NVDA) and Microsoft Corp. (MSFT).

The decision to invest in these companies is surprising, given Soros' previous statements about AI. In a statement made earlier in the summer, he expressed his instinctive opposition to AI but admitted his uncertainty about how the technology can be stopped.

In addition to these new investments, Soros has reduced his holdings in Salesforce Inc. (CRM) and Snowflake Inc. (SNOW), selling his entire stake of 170,000 shares in the former and 38,500 shares in the latter.

On the other hand, Soros has increased his stakes in several cybersecurity companies. He has raised his position in 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.

Furthermore, Soros has made adjustments to his investments in Amazon.com Inc. (AMZN), increasing his stake by 8.9% to just over 769,000 shares. However, he has reduced his stake in Walmart Inc. (WMT).

Lastly, Soros has decided to shed positions in Netflix Inc. (NFLX) and Goldman Sachs Group Inc. (GS).

These strategic moves indicate Soros' shifting investment strategy, as he focuses more on AI chip makers and cybersecurity companies while shedding stakes in cloud software providers. The precise motivations behind these changes remain unknown, but they suggest Soros' confidence in the potential growth and market opportunities within the AI and cybersecurity sectors.

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