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Citadel's Ken Griffin significantly increased his position in a rival AI stock while lowering his stake in Nvidia by 68% in the first quarter. Investors closely watch Griffin's moves due to Citadel's successful track record over time. Griffin raised his position in a company that reported a triple-digit increase in AI revenue.
Griffin's latest move involved increasing his holding in Broadcom (AVGO) by more than 500%, showing confidence in the AI company. Broadcom has seen a 35% stock price increase this year and completed a 10-for-1 stock split recently. The company's surge in AI revenue and growth potential from mega-scale data centers position it as a promising investment.
The Motley Fool on MSN.com 12month
The Motley Fool on MSN.com 16month
The Motley Fool 12month
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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