Reported 6 days ago
Billionaire Ken Griffin of Citadel sold 91% of his stake in Palantir Technologies, recognizing its booming AI business but high valuation concerns, while he increased his investment in Alphabet, which is leveraging AI to enhance its search and advertising capabilities. Alphabet's solid financial performance and growth projections make it a more attractive stock compared to Palantir's inflated valuation and potential risks.
Source: YAHOO