Billionaire Ken Griffin doubled stake in Apple, betting on big payoff with new AI

From Nasdaq: 2024-08-22 05:50:00

Billionaire Ken Griffin’s Citadel Advisors hedge fund holds a sizable stake in Apple, nearly doubling its position in Q2. Griffin’s bullishness on Apple could pay off big time, especially with the launch of Apple Intelligence AI functionality. However, there are risks involved, such as user reception and economic downturns. It’s a bet that Griffin seems confident in.



Read more at Nasdaq: Billionaire Ken Griffin Nearly Doubled His Stake in Apple Stock in Q2. Here’s Why It Could Pay Off Big Time.