This week, earnings season will kick off with bank stocks, as $JPMorgan Chase(JPM)$ and $Wells Fargo(WFC)$ are set to release their reports first, followed by the “Magnificent Seven” tech giants—Meta, Alphabet, Nvidia, Apple, Microsoft, Amazon, and Tesla—who will also be reporting soon. Besides growth and earnings
$NVIDIA Corp(NVDA)$ Recently filed Forms 13F show that two high-profile hedge fund managers sold shares of Nvidia during the second quarter while reallocating capital to the iShares Bitcoin Trust (NASDAQ: IBIT), an exchange-traded fund (ETF) that tracks Bitcoin (CRYPTO: BTC). David Shaw at D.E. Shaw sold 12.1 million shares of Nvidia, trimming his position by 52%. Meanwhile, he bought 2.4 million shares of the iShares Bitcoin Trust, increasing his position by 1,658%. Steven Cohen at Point72 Asset Management sold 409,042 shares of Nvidia, trimming his position by 16%. He bought 1.6 million shares of the iShares Bitcoin Trust, diversifying into cryptocurrency for the first time. The trades made by Shaw and Cohen are noteworthy because both fun