Billionaire Ken Griffin Is Selling Nvidia Stock and Buying This Artificial Intelligence (AI) Stock Hand Over Fist

Billionaire Ken Griffin is the founder and CEO of Citadel Advisors, the highest-ranked hedge fund as measured by net gains since inception, according to LCH Investments. The means Griffin is arguably the most successful hedge fund manager in history, which makes him a good case study for individual investors.Griffin sold 9.2 million shares of Nvidia in the second quarter, reducing his position by 72%. Meanwhile, he added 5.2 million shares of Palantir Technologies (NYSE: PLTR), increasing his stake by 1,140%. Importantly, Citadel still had twice as much capital invested in Nvidia as Palantir as of June 30, so it would be wrong to assume Griffin lacks confidence in the chipmaker.That said, nothing changes the fact that he sold Nvidia stock and purchased a substantial amount of Palantir stock during the second quarter. And Griffin is not the only Palantir bull. The stock has surged 140% year to date. Here's what investors should know.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool