Billionaire Israel Englander selling Nvidia and Palantir for Archer Aviation, a potentially lucrative play

From Nasdaq: 2024-11-24 08:30:00

Israel Englander, co-founder of Millennium Management, oversees $70 billion in assets under management. While Millennium is structured as a “pod shop” with autonomous teams, Englander plays a key role in big hiring decisions. The hedge fund recently sold off stakes in AI giants Nvidia and Palantir, opting for a new, potentially lucrative play in electric aircraft maker Archer Aviation.

Millennium’s third-quarter moves reflect a trend among institutional funds selling off AI companies like Nvidia and Palantir due to high valuations. Despite AI’s potential, valuation is crucial in investments. Archer Aviation, with its electric air taxis and regulatory milestones, presents a promising opportunity for investors seeking substantial gains in a potentially lucrative market. Wall Street analysts are bullish on the stock.

Investors looking for a second chance at lucrative opportunities can explore “Double Down” stock recommendations. Past recommendations like Nvidia, Apple, and Netflix have delivered impressive returns. With new alerts issued for three companies on the brink of success, investors can seize the opportunity before it’s too late to maximize returns.



Read more at Nasdaq: Billionaire Israel Englander Is Selling Nvidia and Palantir and Buying a New Stock That Wall Street Thinks Can Soar as Much as 151%