Ken Griffin Bets on Palantir Over Nvidia in AI Stock Shakeup

Billionaire Ken Griffin's hedge fund, Citadel, has significantly increased its stakes in AI companies Palantir and Broadcom, while reducing its position in Nvidia, a leading AI stock. Citadel's moves, revealed in its quarterly 13F filing, show a 1,140% increase in Palantir and a 64% increase in Broadcom, while cutting 79% of its Nvidia shares. The decision to reduce Nvidia holdings may be due to concerns over potential market bubbles and increased competition, despite Nvidia's dominant market position in AI GPUs.