Billionaire Ken Griffin Sold 79% of Citadel's Stake in Nvidia and Is Piling Into Another Artificial Intelligence (AI) Stock With a Competitive Moat

A little over two months ago, on Aug. 14, investors received what can arguably be described as the most important data release of the third quarter -- and I'm not talking about any inflation report.No later than 45 calendar days following the end to a quarter, institutional investors with at least $100 million in assets under management (AUM) are required to file Form 13F with the Securities and Exchange Commission. This filing tells investors which stocks, exchange-traded funds (ETFs), and occasionally options, Wall Street's top money managers purchased and sold in the latest quarter (in this case, the June-ended quarter).As you might imagine, professional and everyday investors are particularly interested in seeing how Wall Street's smartest asset managers are approaching artificial intelligence (AI) stocks. AI has been the hottest trend over the last two years, with the analysts at PwC expecting this technology to provide a $15.7 trillion boost to the global economy by 2030.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool