Billionaire Buys $442M Nvidia Stock: What’s the Secret?

Indeed, the signs of Nvidia’s enduring dominance are as clear as a London fog. The grandees of the investment world, those who have spent a lifetime parsing the fine print of financial alchemy, are now dipping their toes into the waters of its stock. Daniel Loeb of Third Point, that arch-contrarian, has embarked on a modest acquisition of Nvidia shares, a $442 million foray that, in the grand scheme of his fund, represents a 6% stake. A wager, one might say, with the air of a man who has just discovered a new and improbable sport.





