From Yahoo Finance.: 2025-05-24 12:47:00

Ken Griffin, founder of Citadel Securities, has a net worth of over $44 billion, making him one of the highest-earning hedge fund managers. Despite criticism, Citadel saw a 55% gain in trading revenue in March 2025. Griffin remains skeptical of AI’s impact on finance but sees potential in one AI stock.

During Q1, Citadel trimmed its stake in Nvidia but increased its position in AMD by over 300%. Wall Street maintains a Strong Buy consensus on both stocks. Analysts have raised concerns about Nvidia’s technology utility and the trend of customers designing their own chips to reduce reliance on Nvidia.

Griffin’s investment decisions have caught the attention of investors, with his bullish stance on AMD and skepticism towards Nvidia raising questions. As the AI boom continues, market players are closely watching Griffin’s moves to gauge the future of the tech sector and its impact on financial markets. 1. The stock market saw a significant drop today, with the Dow Jones Industrial Average falling by over 500 points. Analysts attribute the decline to concerns over rising inflation and the impact of the ongoing trade war with China.

2. A new study published in the Journal of Pediatrics has found that children who eat a healthy breakfast are more likely to perform better in school. The study analyzed data from over 1,000 students and found a clear correlation between breakfast consumption and academic success.

3. The World Health Organization has declared the coronavirus outbreak a global health emergency. The virus, which originated in Wuhan, China, has spread to multiple countries and has already resulted in over 100 deaths. Health officials are urging caution and recommending preventative measures to limit the spread of the virus.

4. Tesla has announced plans to open a new Gigafactory in Berlin, Germany. The factory, which will be the company’s first in Europe, is expected to produce batteries, powertrains, and vehicles. The move is part of Tesla’s strategy to expand its global manufacturing footprint and increase production capacity.

5. The United Nations has warned that the world is facing a “climate apartheid” scenario, where the wealthy will be able to afford to mitigate the effects of climate change while the poor will suffer disproportionately. The report calls for urgent action to address the growing inequality in the face of environmental challenges.

Read more: Billionaire fund manager, skeptical of AI, backs shocking stock