Billionaires Are Selling Nvidia Stock and Buying 2 Red-Hot Artificial Intelligence (AI) Stocks Instead [Yahoo! Finance]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Yahoo! Finance
AI systems, and the company holds over 80% market share in AI processors. In short, from a semiconductor perspective, Nvidia is almost single-handedly enabling the AI boom. That drove shares 239% higher in 2023. Even so, the hedge fund billionaires listed below sold down their positions in Nvidia during the fourth quarter, while simultaneously redeploying capital across Palantir Technologies (NYSE: PLTR) and Amazon (NASDAQ: AMZN) , two red-hot AI stocks up 191% and 77%, respectively, in the past year. Israel Englander of Millennium Management sold 1.7 million shares of Nvidia in the fourth quarter, reducing his stake by 45%. Meanwhile, he increased his position in Palantir by 1,100%, and increased his stake in Amazon by 1%. Joel Greenblatt of Gotham Asset Management sold 13,480 shares of Nvidia in the fourth quarter, reducing his stake by 16%. Meanwhile, he increased his position in Palantir by 1,800% and increased his stake in Amazon by 3%. Steven Cohen of Point72 Asset Manag
Show less
Read more
Impact Snapshot
Event Time:
PLTR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PLTR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PLTR alerts
High impacting Palantir Technologies Inc. Class A news events
Weekly update
A roundup of the hottest topics
PLTR
News
- How artificial intelligence is reshaping modern warfare [FOX News]FOX News
- Bridgewater Associates boosts stake in AI heavyweight [Yahoo! Finance]Yahoo! Finance
- Walmart shares surge to record high after earnings beat and outlook boost [Yahoo! Finance]Yahoo! Finance
- Palantir Is Seeing Unprecedented Artificial Intelligence (AI) Demand. Why Is the Stock Down? [Yahoo! Finance]Yahoo! Finance
- Is It Too Late to Buy Palantir Stock? [Yahoo! Finance]Yahoo! Finance
PLTR
Earnings
- 5/6/24 - Beat
PLTR
Sec Filings
- 5/10/24 - Form 4
- 5/10/24 - Form 144
- 5/9/24 - Form 144
- PLTR's page on the SEC website