Billionaire Israel Englander Shifts Investments to High-Potential Stock
Billionaire hedge fund manager Israel Englander's Millennium Management has reduced its stakes in AI companies Nvidia and Palantir, citing high valuations, and invested in Archer Aviation, an electric aircraft maker. Archer aims to launch air taxis in U.S. cities, with Wall Street analysts predicting significant potential upside for the stock. This move reflects a strategic shift towards emerging opportunities in the electric aviation sector.