Billionaires Are Selling Palantir Stock and Buying a Stock-Split AI Stock Up 525% in 4 Years

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[ Fri, Dec 06th 2024 ] - The Globe and Mail

Billionaires Are Selling Palantir Stock and Buying a Stock-Split AI Stock Up 525% in 4 Years

^{Published on 2024-12-06 19:58:07 - The Globe and Mail}

Palantir Technologies(NASDAQ: PLTR) has been one of the hottest stocks on the market this year. However, Arista Networks(NYSE: ANET), a company that conducted a 4-for-1 stock split on Dec. 4, has been the better performer over the last four years.

The article from The Globe and Mail discusses the investment moves of billionaire investors, highlighting their decisions to sell shares in Palantir Technologies (PLTR) and instead invest in a company that has undergone a stock split and is involved in AI technology. This unnamed AI company has seen its stock value increase by 525% over the past four years. The piece suggests that these investors are shifting their focus towards companies with strong AI capabilities and potential for growth, possibly due to Palantir's stock performance or strategic shifts in their investment portfolios. The article does not specify the exact reasons for the sell-off from Palantir but implies a broader trend of moving towards AI-driven tech stocks with significant growth potential.

Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/markets/stocks/PLTR/pressreleases/29927033/billionaires-are-selling-palantir-stock-and-buying-a-stock-split-ai-stock-up-525-in-4-years/ ]

N@N

Billionaires Are Selling Palantir Stock and Buying a Stock-Split AI Stock Up 525% in 4 Years