Reported about 19 hours ago
Palantir Technologies has seen a remarkable stock increase of 285% this year, while Nvidia has gained 175%. However, several billionaire fund managers are moving their investments from Palantir to Nvidia. Notably, AQR's Cliff Asness reduced his Palantir shares by 16% while boosting Nvidia, while Ken Griffin of Citadel and Steven Schonfeld completely sold their Palantir stakes, significantly increasing their Nvidia holdings. Despite Palantir's growing role in AI with its analytics tools, its high valuation raises concerns for investors, whereas Nvidia's strong market position and promising growth make it a more attractive choice.
Source: YAHOO