From Nasdaq: 2024-11-11 05:21:00

Quarterly Form 13F filings provide crucial insights into Wall Street’s top investors’ buying and selling habits, giving investors a peek into the smart money moves. Warren Buffett’s Berkshire Hathaway and billionaire Ken Griffin’s Citadel are among the most anticipated filings each quarter, with Citadel making significant moves in AI stocks like Palantir and Broadcom in the last quarter.

Citadel’s hedge fund increased its stakes in Palantir Technologies and Broadcom by 1,140% and 64%, respectively, during the June-ended quarter. Both companies are key players in the AI space, with Palantir offering AI-powered data solutions for governments and businesses, while Broadcom provides networking solutions for AI-accelerated data centers.

Despite the AI focus, both Palantir and Broadcom have diversified operations, making them less vulnerable to an AI bubble burst. Citadel’s fund also reduced its stake in Nvidia, citing potential concerns about competition, insider trading, and the company’s valuation, highlighting the challenges and risks in the AI sector.

Investors considering Palantir Technologies should note that while the company has potential, it was not included in the Motley Fool’s list of top 10 stocks for investors to buy now. The Stock Advisor service provides guidance on building a successful portfolio and has outperformed the S&P 500 since 2002, emphasizing the importance of thorough research and analysis before investing.



Read more at Nasdaq: Billionaire Ken Griffin of Citadel Is Piling Into Palantir and Broadcom and Selling Shares of Wall Street’s Artificial Intelligence (AI) Darling