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Billionaire Ken Griffin Sells Amazon Stock and Buys an AI Stock Up 1,030% Since 2024 (Hint: Not Nvidia) [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Amazon's investments in artificial intelligence are bearing fruit, as evidenced by its strong sales growth and expanding operating margin. Palantir is growing like wildfire amid demand for its artificial intelligence platform, but the stock trades at an absurd (and unsustainable) valuation. 10 stocks we like better than Palantir Technologies › Ken Griffin runs Citadel Advisors, the most successful hedge fund in history as measured by net gains since inception. Additionally, Citadel outperformed the S&P 500 (SNPINDEX: ^GSPC) by 8 percentage points over the last three years. That makes Griffin an excellent source of inspiration for retail investors. In the third quarter, Citadel sold 1.6 million shares of Amazon (NASDAQ: AMZN) and purchased 388,000 shares of Palantir Technologies (NASDAQ: PLTR) , a stock that has advanced 1,030% since January 2024. Comparatively, Nvidia stock is up 281% over the same period. Here's what investors should know about Amazon and Palantir Technolo
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- After 23 years working for Jeff Bezos, the CEO of a $1.3 billion skills platform shares lessons he learned from Andy Jassy and the Amazon founder [Yahoo! Finance][Yahoo! Finance]
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