Hedge funds led by billionaires Israel Englander and Chris Rokos sold Nvidia and bought Palantir stock in the first quarter.

Over the past five trading days, Palantir stock has fallen 15%, sparking hesitation among investors looking for a bottom.

Asian shares were mostly higher on Thursday after a mixed finish on Wall Street, where shares in Nvidia, Palantir and other superstar stocks pared their earlier steep losses.

U.S. stock indexes ended mixed after Nvidia, Palantir and other superstar stocks pared most of their steep losses from the ...