(Note: Thank you for supporting businesses like those presenting a sponsored message below and ordering through the links below, which benefits Gateway Pundit. We appreciate your support!)
We knew this day would come…
After a massive run-up – tech stocks are crashing.
And as you’d suspect, the rich and powerful got out first.
Warren Buffett sold off 115 million shares of Apple last year.
David Tepper, who runs one of the most successful hedge funds in history, jettisoned 600,000 shares of Amazon in the fourth quarter of 2024.
While at the same time, billionaire Bill Gates has shifted his focus and his wealth away from Microsoft.
What do these moves have in common?
In each case, rich investors are reducing their exposure to tech and buying into a different sector of the market.
Former Presidential Advisor, Jim Rickards has a surprising take on what’s happening and why. He thinks it’s all thanks in part to a recent move by President Trump. Something no President in history has attempted before.
Rickards says Trump could soon unleash a vast $150 trillion fortune. And not a single penny will flood into tech stocks.
Instead, he predicts, it will gush into a tiny sector of the market, which is a fraction the size of NVIDIA.
We recently caught up with Rickards to get the full story.
If he’s correct, some investors will see a windfall – starting as soon as May 3rd.
To watch this fascinating interview, free of charge, click here.
The post Why are Billionaires Dumping Tech Stocks? appeared first on The Gateway Pundit.