Billionaire Ken Griffin Sold 48% of Citadel's Stake in Palantir and Nearly Quadrupled His Position in This Cutting-Edge Artificial Intelligence (AI) Stock

Ken Griffin is not your typical Wall Street billionaire. As the founder and CEO of Citadel, he leads one of the most sophisticated and consistently profitable hedge funds in history. He has more than earned his reputation for being a rare blend of macro strategist and quantitative mastermind.Citadel's second-quarter 13F form, which was filed in August, revealed a pair of notable moves: The hedge fund trimmed its position in data mining specialist Palantir Technologies (NASDAQ: PLTR) by 48% -- selling roughly 640,000 shares. That left Citadel with a stake that's today worth about $130 million. At the same time, the firm boosted its position in semiconductor powerhouse Nvidia (NASDAQ: NVDA) by a staggering 414% -- adding more than 6.5 million shares, and bringing its stake in it to around $1.5 billion at current share prices.These moves speak volumes about Griffin's evolving view of the artificial intelligence (AI) landscape. Below, I'll unpack what might have influenced Citadel's decision-making, and what investors can conclude from this reshuffle.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool