Stocks & Investing
Stocks and Investing
Stocks and Investing
Sun, December 1, 2024
[ 12:01 PM ] - United States, Thomas Matters
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Sat, November 30, 2024
[ 09:01 PM ] - United States, Thomas Matters
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[ 06:00 PM ] - United States, Thomas Matters
[ 05:00 PM ] - United States, Thomas Matters
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Palantir Stock vs. Nvidia Stock: Billionaires Buy One and Sell the Other
- Ken Griffin of Citadel sold 5.1 million shares of Palantir, reducing his stake by 91%. Meanwhile, he bought 4.7 million shares of Nvidia, increasing his stake by 194%. Nvidia is the second largest position in Citadel's portfolio, excluding options contracts and index funds.
The article from The Globe and Mail discusses the contrasting investment moves by billionaire investors in Palantir Technologies and NVIDIA Corporation. While some billionaires like Israel Englander and Steven Cohen have been selling off their NVIDIA shares, others such as Jeff Yass and Philippe Laffont have been increasing their stakes in Palantir. This divergence in investment strategy highlights different views on the future growth potential of these tech companies. NVIDIA, known for its advancements in AI and graphics processing, has seen a sell-off despite its strong market position, possibly due to concerns over valuation or market saturation. Conversely, Palantir, which focuses on big data analytics and has been expanding its commercial business, appears to be gaining favor among some investors for its growth prospects and government contracts. The article suggests that while NVIDIA remains a tech giant, Palantir's specialized offerings in data analytics might be seen as a more promising investment for those betting on niche technology sectors.
Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/markets/stocks/NVDA/pressreleases/29830659/palantir-stock-vs-nvidia-stock-billionaires-buy-one-and-sell-the-other/ ]
Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/markets/stocks/NVDA/pressreleases/29830659/palantir-stock-vs-nvidia-stock-billionaires-buy-one-and-sell-the-other/ ]
