Reported 16 days ago
Billionaire investor Ken Griffin sold 9.3 million shares of Nvidia, reducing his stake by 79%, and significantly increased his holdings in Palantir Technologies by 1,140%, acquiring over 5.2 million shares. This strategic shift comes as Palantir has just been included in the S&P 500, suggesting Griffin sees greater growth potential in Palantir, particularly amidst rising competition in the AI hardware space. Analysts indicate this move could enhance Palantir's brand and attract more institutional investment.
Source: YAHOO