"Billionaire George Soros has long been a controversial investor. In 1992, he shorted the British pound in a bet that earned him $1 billion and contributed to the Bank of England's withdrawal from the European Exchange Rate Mechanism, an event dubbed Black Wednesday. More recently, through his Open Society Foundations, Soros has funded progressive political causes, drawing criticism from conservative groups."
"Despite the debates, few doubt his investing acumen. He remains smart, sharp, and savvy. His recently filed its Soros Fund Managementfourth-quarter 13F with the SEC, disclosing various trades, including new positions in a number of new stocks. Two notable artificial intelligence (AI)-related picks are Broadcom ( NASDAQ:AVGO ) and Tesla ( NASDAQ:TSLA | TSLA Price Prediction), where the fund invested a combined $69 million."
"Soros Fund Management initiated a position in Broadcom by purchasing 102,379 shares valued at approximately $35.4 million, indicating an average purchase price of around $345 per share. Broadcom closed out the week around $325, a 5.7% decline. However, the chipmaker has faced headwinds this year, stemming from increased uncertainty over U.S. export licenses for high-end AI chips to China, where the government extended reviews on national security grounds, prompting some Chinese customers to delay orders."
"Broader geopolitical tensions, including U.S. efforts to acquire Greenland and potential new tariffs against European allies, have also fueled a risk-off mood in tech stocks, dragging down the Nasdaq index and major players like Broadcom. Additionally, concerns over gross margin compression from shifts in product mix have weighed on sentiment, though analysts view these as overstated given AI's profit contributions."
George Soros has a history as a controversial but successful investor, including shorting the British pound in 1992 and funding progressive causes through the Open Society Foundations. Soros Fund Management's recent fourth-quarter 13F disclosed new positions, including Broadcom and Tesla, with combined investments of about $69 million. The fund purchased 102,379 Broadcom shares valued at roughly $35.4 million, averaging near $345 per share. Broadcom has faced export-license uncertainty for high-end AI chips to China, broader geopolitical tensions, and concerns about gross-margin compression, though analysts view AI profits as mitigating those concerns.
Read at 24/7 Wall St.
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