Tiger Fund just dumped $GOOGL and $NVDA. Rotation is real.
What they cut:
$AVGO – took profits after the run
$GOOGL – biggest single cut, $1.72B out. Rebalancing away from overvalued mega-cap tech
$TSM – trimming core exposure
$MSFT – slight cut to free up capital
$META – reducing social/ad concentration
$NVDA – profit-taking at highs, not a bearish thesis flip
$JD – pulling back from China consumer
$NFLX – full exit from streaming
What they bought:
$AMD – new position. Instinct GPUs ramping in data centers, best $NVDA challenger on price/performance
$SPCX (SpaceX) – new position. Starlink scaling globally, reusable rockets = margin expansion
$INTC – heavy add. Foundry play + AI chips, low valuation, policy tailwinds
Pattern is clear: sell the winners, buy the challengers. They're rotating into the next leg of AI infrastructure and aerospace, not chasing last quarter's momentum.
This isn't panic. It's repositioning for H2.
What they cut:
$AVGO – took profits after the run
$GOOGL – biggest single cut, $1.72B out. Rebalancing away from overvalued mega-cap tech
$TSM – trimming core exposure
$MSFT – slight cut to free up capital
$META – reducing social/ad concentration
$NVDA – profit-taking at highs, not a bearish thesis flip
$JD – pulling back from China consumer
$NFLX – full exit from streaming
What they bought:
$AMD – new position. Instinct GPUs ramping in data centers, best $NVDA challenger on price/performance
$SPCX (SpaceX) – new position. Starlink scaling globally, reusable rockets = margin expansion
$INTC – heavy add. Foundry play + AI chips, low valuation, policy tailwinds
Pattern is clear: sell the winners, buy the challengers. They're rotating into the next leg of AI infrastructure and aerospace, not chasing last quarter's momentum.
This isn't panic. It's repositioning for H2.