<p>通往十亿美元投资组合的道路有很多条，这意味着亿万富翁在投资机会方面并不总是意见一致。即使人工智能（AI）领域的未来看起来光明，亿万富翁对冲基金经理也可能选择不同的路径来实现 AI 的成功。例如，有人可能会大量投资于 <strong>Nvidia</strong>( NVDA 1.56%)，而另一些人则会出售这家 AI 芯片巨头的股票。</p>
<p>但时不时地，这些投资专家会意见一致，采取类似的行动。这正是去年第四季度发生的事情。亿万富翁 David Tepper（来自 Appaloosa Management）和 Michael Platt（来自 Bluecrest Capital Management）各自出售了 Nvidia 的股票，并购买了一只自首次公开募股以来飙升了 40,000% 的 AI 股票。让我们来看看具体细节。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NjA2MDQvZ2V0dHlpbWFnZXMtMTE3MjA0MDc1NS5qcGcmdz0zODQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NjA2MDQvZ2V0dHlpbWFnZXMtMTE3MjA0MDc1NS5qcGcmdz0zODQw"/></p>
<p>图片来源：Getty Images。</p>
<h2>13F 文件概览</h2>
<p>首先，简要说明一下我们如何得知这些亿万富翁的投资动向。每季度，管理超过 1 亿美元股票的经理必须向证券交易委员会提交 13F 表格报告他们的活动。这些表格是公开可见的，因此我们可以一窥这些 投资专家 的最新动向。</p>
<p>Tepper 和 Platt 与许多其他亿万富翁一样，正在投资 AI 股票；不过，Tepper 可能是其中最为激进的，因为他的前五大持股，从 <strong>Alibaba</strong> 到 <strong>Meta Platforms</strong>，都与 AI 密切相关。Platt 的最大股票头寸则集中在金融和能源领域。然而，这两位亿万富翁在最新季度做出了两个相似的举动……</p>
<ul>
<li>管理 69 亿美元的 Tepper 将其在 Nvidia 的持仓削减了 10%，现在占其投资组合的 4.6%。他自 2023 年第一季度以来一直持有该股票。</li>
<li>管理 33 亿美元的 Platt 将 Nvidia 的持仓削减了 96%，该股票现在仅占其投资组合的 0.2%。他自去年第二季度以来一直持有 Nvidia 的股票。</li>
<li>Tepper 将其在 <strong>Micron Technology</strong>( MU +5.08%) 的持仓增加了 200%，现在占其投资组合的 6.2%。他自 2023 年第二季度以来一直持有该股票。</li>
<li>Platt 在 Micron 开设了一个新头寸，约占其投资组合的 0.1%。</li>
</ul>
<h2>更好的增长投资</h2>
<p>与 13F 文件一样，我们并不知道投资者行动背后的确切原因。但 Tepper 和 Platt 的这些决定表明，这些亿万富翁相信 Micron 将在 AI 故事的下一个阶段中实现增长——并可能比 Nvidia 更具增长潜力。同样重要的是，这些举动发生在几个月前，亿万富翁的观点或策略可能在最近发生了变化。</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL01VLnBuZyZ3PTEyOA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Micron Technology 股票报价" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL01VLnBuZyZ3PTEyOA"/></p>
<h2>NASDAQ: MU</h2>
<p>Micron Technology</p>
<p>今日变动</p>
<p>(5.08%) $20.61</p>
<p>当前价格</p>
<p>$425.96</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$480B</p>
<p>日内区间</p>
<p>$413.00 - $429.28</p>
<p>52 周区间</p>
<p>$61.54 - $455.50</p>
<p>成交量</p>
<p>1.6M</p>
<p>平均成交量</p>
<p>35M</p>
<p>毛利率</p>
<p>45.53%</p>
<p>股息收益率</p>
<p>0.11%</p>
<p>不过，可以公平地说，Micron 作为 AI 内存和存储领域的领导者，可能在未来几个季度实现显著的盈利增长。随着 AI 越来越多地应用于现实问题，Micron 的产品可能在 AI 客户 中受到欢迎。为了实现这一点，模型需要经过推理或 “思考” 过程，以便开发答案和解决方案。为此，它们需要大量的内存。</p>
<h2>Micron 的创纪录收益</h2>
<p>在最近的一个时期，Micron 为我们提供了这一趋势的预览，收入达到了创纪录的水平，公司预计在下一个报告期将会有更多的记录。Micron 表示，AI 需求正在推动这一势头。</p>
<p>那么，你应该跟随亿万富翁 Tepper 和 Platt，选择 Micron 的股票而不是 Nvidia 吗？这取决于你的投资策略和当前的 AI 持仓。如果你已经持有 Nvidia 股票一段时间，并且正在寻找另一只高潜力股票，你可能会更倾向于现在购买 Micron。该股票的前瞻性市盈率仅为 11 倍，而许多其他 AI 股票则在 20 倍或更高。</p>
<p>也就是说，像亿万富翁一样，你可能希望保留一些 Nvidia 的股票，因为这家 AI 巨头可能会继续实现显著增长，随着 这场 AI 热潮 的推进。</p>

SOXQ

标普半导体 ETF - SPDR

纳斯达克半导体 ETF - First Trust

<p>亿万富翁大卫·泰珀（David Tepper）和迈克尔·普拉特（Michael Platt）最近出售了部分英伟达（Nvidia）的股份，并投资于美光科技（Micron Technology），该公司自上市以来股价飙升了 40,000%。泰珀将其英伟达的持股减少了 10%，同时将美光的持股增加了 200%。普拉特则将其英伟达的持股削减了 96%，并在美光开设了新头寸。这两位亿万富翁都认为，随着人工智能需求的增长，美光将超越英伟达，而美光最近创下的业绩记录正是由人工智能应用推动的。投资者在跟随他们进入美光股票之前，应考虑自己的投资策略</p>

<p>There are many paths to a billion-dollar portfolio, meaning billionaires don't always agree when it comes to investment opportunities. Even if it's clear that the area of artificial intelligence (AI) has a bright future, billionaire hedge fund managers may choose different paths to an AI win. One may pile into <strong>Nvidia</strong>( NVDA 1.56%), for example, while another sells shares of this AI chip giant.</p>
<div class="lb-trans"><p>通往十亿美元投资组合的道路有很多条，这意味着亿万富翁在投资机会方面并不总是意见一致。即使人工智能（AI）领域的未来看起来光明，亿万富翁对冲基金经理也可能选择不同的路径来实现 AI 的成功。例如，有人可能会大量投资于 <strong>Nvidia</strong>( NVDA 1.56%)，而另一些人则会出售这家 AI 芯片巨头的股票。</p>
</div><p>But, from time to time, these investing experts see eye to eye and make similar moves. And this is exactly what happened in the fourth quarter of last year. Billionaires David Tepper of Appaloosa Management and Michael Platt of Bluecrest Capital Management each sold shares of Nvidia and bought an AI stock that's soared 40,000% since its initial public offering. Let's check out the details.</p>
<div class="lb-trans"><p>但时不时地，这些投资专家会意见一致，采取类似的行动。这正是去年第四季度发生的事情。亿万富翁 David Tepper（来自 Appaloosa Management）和 Michael Platt（来自 Bluecrest Capital Management）各自出售了 Nvidia 的股票，并购买了一只自首次公开募股以来飙升了 40,000% 的 AI 股票。让我们来看看具体细节。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NjA2MDQvZ2V0dHlpbWFnZXMtMTE3MjA0MDc1NS5qcGcmdz0zODQw" alt="Two investors look at something on a laptop at home." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F860604%2Fgettyimages-1172040755.jpg&amp;w=3840&amp;op=resize"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>A look at 13F filings</h2>
<div class="lb-trans"><h2>13F 文件概览</h2>
</div><p>So, first, a quick note on how we know about these billionaires' moves. On a quarterly basis, managers of more than $100 million in stocks must report their activity to the Securities and Exchange Commission on Form 13F. These forms are available for the public to see, so we may get a glimpse into the latest moves of these investing experts.</p>
<div class="lb-trans"><p>首先，简要说明一下我们如何得知这些亿万富翁的投资动向。每季度，管理超过 1 亿美元股票的经理必须向证券交易委员会提交 13F 表格报告他们的活动。这些表格是公开可见的，因此我们可以一窥这些 投资专家 的最新动向。</p>
</div><p>Tepper and Platt, like many other billionaires, have been investing in AI stocks; Tepper may be the most aggressive here, though, as his top five holdings, from <strong>Alibaba</strong> to <strong>Meta Platforms</strong>, are heavily involved in AI. Platt's biggest stock positions are in finance and energy. Both billionaires made two similar moves in the latest quarter, however...</p>
<div class="lb-trans"><p>Tepper 和 Platt 与许多其他亿万富翁一样，正在投资 AI 股票；不过，Tepper 可能是其中最为激进的，因为他的前五大持股，从 <strong>Alibaba</strong> 到 <strong>Meta Platforms</strong>，都与 AI 密切相关。Platt 的最大股票头寸则集中在金融和能源领域。然而，这两位亿万富翁在最新季度做出了两个相似的举动……</p>
</div><ul>
<li>Tepper, who oversees $6.9 billion, cut his position in Nvidia by 10%, and it now makes up 4.6% of his portfolio. He's held the stock since the first quarter of 2023.</li>
<li>Platt, who manages $3.3 billion, slashed Nvidia by 96%, and the stock now makes up only 0.2% of his portfolio. He's held Nvidia shares since the second quarter of last year.</li>
<li>Tepper increased his position in <strong>Micron Technology</strong>( MU +5.08%) by 200%, and it now accounts for 6.2% of his portfolio. He's held the stock since the second quarter of 2023.</li>
<li>Platt opened a new position in Micron, and it represents about 0.1% of his portfolio.</li>
</ul>
<div class="lb-trans"><ul>
<li>管理 69 亿美元的 Tepper 将其在 Nvidia 的持仓削减了 10%，现在占其投资组合的 4.6%。他自 2023 年第一季度以来一直持有该股票。</li>
<li>管理 33 亿美元的 Platt 将 Nvidia 的持仓削减了 96%，该股票现在仅占其投资组合的 0.2%。他自去年第二季度以来一直持有 Nvidia 的股票。</li>
<li>Tepper 将其在 <strong>Micron Technology</strong>( MU +5.08%) 的持仓增加了 200%，现在占其投资组合的 6.2%。他自 2023 年第二季度以来一直持有该股票。</li>
<li>Platt 在 Micron 开设了一个新头寸，约占其投资组合的 0.1%。</li>
</ul>
</div><h2>A better growth buy</h2>
<div class="lb-trans"><h2>更好的增长投资</h2>
</div><p>As always with 13F filings, we don't know the exact reason behind the investors' moves. But these decisions by Tepper and Platt suggest the billionaires believe Micron will deliver growth as the next stages of the AI story unfold -- and potentially represent a better growth buy than Nvidia. It's also important to note that these moves took place a few months ago, and the billionaires' views or strategies may have changed in more recent times.</p>
<div class="lb-trans"><p>与 13F 文件一样，我们并不知道投资者行动背后的确切原因。但 Tepper 和 Platt 的这些决定表明，这些亿万富翁相信 Micron 将在 AI 故事的下一个阶段中实现增长——并可能比 Nvidia 更具增长潜力。同样重要的是，这些举动发生在几个月前，亿万富翁的观点或策略可能在最近发生了变化。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL01VLnBuZyZ3PTEyOA" alt="Micron Technology Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FMU.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: MU</h2>
<div class="lb-trans"><h2>NASDAQ: MU</h2>
</div><p>Micron Technology</p>
<div class="lb-trans"><p>Micron Technology</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(5.08%) $20.61</p>
<div class="lb-trans"><p>(5.08%) $20.61</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$425.96</p>
<div class="lb-trans"><p>$425.96</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$480B</p>
<div class="lb-trans"><p>$480B</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$413.00 - $429.28</p>
<div class="lb-trans"><p>$413.00 - $429.28</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$61.54 - $455.50</p>
<div class="lb-trans"><p>$61.54 - $455.50</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>1.6M</p>
<div class="lb-trans"><p>1.6M</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>35M</p>
<div class="lb-trans"><p>35M</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>45.53%</p>
<div class="lb-trans"><p>45.53%</p>
</div><p>Dividend Yield</p>
<div class="lb-trans"><p>股息收益率</p>
</div><p>0.11%</p>
<div class="lb-trans"><p>0.11%</p>
</div><p>Still, it's fair to say that Micron, a leader in the AI memory and storage space, could deliver significant earnings growth in the coming quarters. Micron's products may be popular among AI customers during this next stage of AI growth, as AI is more regularly applied to real-world problems. To make this happen, models go through inference or a &#34;thinking&#34; process that allows them to develop answers and solutions. And to do this, they will need a lot of memory.</p>
<div class="lb-trans"><p>不过，可以公平地说，Micron 作为 AI 内存和存储领域的领导者，可能在未来几个季度实现显著的盈利增长。随着 AI 越来越多地应用于现实问题，Micron 的产品可能在 AI 客户 中受到欢迎。为了实现这一点，模型需要经过推理或 “思考” 过程，以便开发答案和解决方案。为此，它们需要大量的内存。</p>
</div><h2>Micron's record earnings</h2>
<div class="lb-trans"><h2>Micron 的创纪录收益</h2>
</div><p>In the most recent period, Micron offered us a preview of this trend, with revenue reaching record levels, and the company expects more records in the next reporting period. Micron says AI demand is driving this momentum.</p>
<div class="lb-trans"><p>在最近的一个时期，Micron 为我们提供了这一趋势的预览，收入达到了创纪录的水平，公司预计在下一个报告期将会有更多的记录。Micron 表示，AI 需求正在推动这一势头。</p>
</div><p>So, should you follow billionaires Tepper and Platt and opt for Micron shares over Nvidia? This depends on your investment strategy and current AI holdings. If you've already held Nvidia stock for a while and are looking for another high-potential stock, you might favor buying Micron right now. The stock trades at only 11x forward earnings estimates, compared with 20x or higher for many other AI stocks.</p>
<div class="lb-trans"><p>那么，你应该跟随亿万富翁 Tepper 和 Platt，选择 Micron 的股票而不是 Nvidia 吗？这取决于你的投资策略和当前的 AI 持仓。如果你已经持有 Nvidia 股票一段时间，并且正在寻找另一只高潜力股票，你可能会更倾向于现在购买 Micron。该股票的前瞻性市盈率仅为 11 倍，而许多其他 AI 股票则在 20 倍或更高。</p>
</div><p>That said, like the billionaires, you might want to hold onto some Nvidia shares as the AI giant is likely to keep delivering significant growth as this AI boom marches on.</p>
<div class="lb-trans"><p>也就是说，像亿万富翁一样，你可能希望保留一些 Nvidia 的股票，因为这家 AI 巨头可能会继续实现显著增长，随着 这场 AI 热潮 的推进。</p>
</div>

Billionaires David Tepper and Michael Platt Sold Nvidia Shares and Bought This AI Stock That's Climbed 40,000% Since its IPO.

- 亿万富翁们在人工智能投资上意见不一。  
- 大卫·泰珀和迈克尔·普拉特在第四季度都减持了 Nvidia，增持 Micron。  
- Micron 有望在 AI 需求推动下实现显著盈利增长。

Motley Fool

Invesco PHLX Semiconductor ETF

2 倍做多 MU ETF - GraniteShares

动态半导体 ETF - Invesco

2 倍做空 NVDA ETF - GraniteShares

2 倍做多英伟达 ETF - Direxion

半导体 3 倍做多 - Direxion

英伟达

半导体 ETF - VanEck Vectors

1 倍做空英伟达 ETF - Direxion

2 倍做空 NVDA ETF - T-Rex

英伟达期权收益策略 ETF - YieldMax

美光科技

费城交易所 半导体 ETF - iShares

2 倍做多 NVDA ETF - T-Rex

2 倍做多美光科技 ETF - Direxion

2 倍做多英伟达 ETF - GraniteShares

1.5 倍做空英伟达 ETF - Tradr

亿万富翁大卫·泰珀和迈克尔·普拉特出售了 NVIDIA 的股票，并购买了这只自 IPO 以来上涨了 40,000% 的人工智能股票