Tudor Jones Abandons Nvidia Bet, Plunges into Tech Turnarounds

Saturday 5th of April 2025 12:53:00

Billionaire Paul Tudor Jones Trims Position in Amazon, Other Tech Stocks

Billionaire hedge fund manager Paul Tudor Jones has trimmed his position in several major tech stocks, including Amazon, according to a recent filing with the Securities and Exchange Commission (SEC).

Jones, who is the founder and CEO of Tudor Investment Corporation, has been a vocal critic of the technology sector in recent months, warning that valuations have become unsustainable. Despite this, he has continued to hold significant stakes in several major tech companies, including Amazon, Microsoft, and Alphabet, the parent company of Google.

However, according to the latest SEC filing, Jones has reduced his position in these stocks, suggesting that he may be becoming more cautious about the sector's prospects.

The filing shows that Tudor Investment Corporation reduced its stake in Amazon by 14.1% over the past quarter, from 3.4 million shares to 2.9 million shares. The firm also trimmed its position in Microsoft by 12.2%, from 2.3 million shares to 2.0 million shares, and in Alphabet by 10.3%, from 1.4 million shares to 1.2 million shares.

Jones has been a vocal critic of the technology sector's high valuations, warning that the sector is due for a correction. In a recent interview with CNBC, he said that the sector's "unsustainable" valuations are a "powder keg" waiting to be triggered.

Despite his cautionary tone, Jones has continued to hold significant stakes in several major tech companies, suggesting that he remains optimistic about their long-term prospects. However, the recent trimming of his position in these stocks suggests that he may be becoming more cautious about the sector's near-term prospects.

The news comes as the technology sector has continued to struggle in recent months, with many major tech stocks experiencing significant declines. The sector has been hit by a range of factors, including concerns about high valuations, regulatory uncertainty, and slowing economic growth.