Billionaire George Soros dumped Rivian stock and just bought these stocks

Billionaire George Soros pivots from Rivian, investing heavily in innovative AI and fintech solutions.

Deals

George Soros made headlines in Q3 2024 by cutting $55 million from his position in Rivian Automotive, a move signaling a shift in focus. While trimming his EV investments, Soros turned to new opportunities, including a $100 million investment in Dropbox. The company recently launched Dropbox Dash, an AI-powered content discovery tool aimed at streamlining workplace collaboration. Dash offers advanced features like content summarization, personalized workspaces, and AI-driven answers, marking a major step in Dropbox's shift toward AI solutions.

Soros also added $47 million to Global Payments, which recently announced the $1.1 billion sale of its medical software unit, AdvancedMD. This strategic divestiture allows Global Payments to sharpen its core focus and allocate $600 million for an accelerated stock buyback plan, boosting shareholder returns.

Lastly, Soros invested $43 million in Salesforce, which unveiled Agentforce 2.0, an updated AI platform designed to build smarter agents. With a new reasoning engine, enhanced agent-building capabilities, and advanced skills tailored for various industries, Agentforce is positioning Salesforce as a leader in generative AI for enterprises.


Watch the video here:

George Soros and Rivian CEO

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