Billionaire Ken Griffin Sold 91% of Citadel's Stake in Palantir and Nearly Tripled His Position in This Cutting-Edge Artificial Intelligence (AI) Stock
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Ken Griffin's Citadel has significantly reduced its stake in Palantir, selling 91% of its shares, while nearly tripling its investment in a leading AI stock. This move highlights a strategic shift in investment focus towards AI technology.
November 27, 2024 | 10:30 am
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Ken Griffin's Citadel has sold 91% of its stake in Palantir, indicating a potential lack of confidence in the company's short-term prospects.
The significant reduction in Citadel's stake in Palantir suggests a strategic move away from the company, which could lead to a negative short-term impact on its stock price as investors may interpret this as a lack of confidence.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90