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Billionaires Ray Dalio, Philippe Laffont, and Stanley Druckenmiller Are Selling Shares of Nvidia and Piling Into This Artificial Intelligence Stock-Split Player

Billionaires Ray Dalio, Philippe Laffont, and Stanley Druckenmiller have recently sold shares of Nvidia, a leading AI chipmaker, and are instead investing in Palantir Technologies, a company known for its AI-driven data analytics platforms. This shift in investment comes as Palantir announced a 10-for-1 stock split, aiming to make its shares more accessible to retail investors. Palantir has shown significant growth, with its stock price increasing by 200% over the past year, driven by strong demand for its AI solutions in both government and commercial sectors. The company's latest earnings report highlighted a 21% year-over-year revenue increase and a notable rise in U.S. commercial revenue by 40%. This move by high-profile investors underscores a broader trend of interest in AI and data analytics companies beyond just hardware providers like Nvidia.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/technology/tech-companies/billionaires-ray-dalio-philippe-laffont-and-stanley-druckenmiller-are-selling-shares-of-nvidia-and-piling-into-this-artificial-intelligence-stock-split-player/ar-AA1v6UaB ]