Reported 12 days ago
Billionaire Ken Griffin, CEO of Citadel, has notably reduced his investment in Nvidia, selling millions of shares throughout 2024, while simultaneously increasing his stake in Amazon. Despite concerns over Nvidia's stock performance, the company remains a leader in AI tech due to its GPUs. Conversely, Amazon showcases strong growth in e-commerce, advertising, and cloud services, leveraging AI for enhanced efficiency and revenue. Investors are advised to consider both stocks, with potential buying opportunities based on Griffin's strategic moves.
Source: YAHOO