From Yahoo Finance: 2025-05-11 16:54:00

Jim Simons’ Renaissance Technologies, known as the “Quant King,” utilized quantitative analysis to achieve remarkable success in the finance industry. Simons’ Medallion hedge fund produced impressive returns, with an annual return of 31.5%. The firm’s computer-driven funds have seen significant growth in 2024, with positive returns and strong performance.

Airbnb, Inc. (ABNB) is a popular stock pick according to Jim Simons’ Renaissance Technologies. The company’s recent performance met expectations, with adjusted EBITDA exceeding projections. Despite some softness in the U.S. market, Airbnb remains confident in its strategic positioning and long-term growth prospects. Analysts and funds have reiterated positive outlooks for Airbnb’s future.

ABNB ranks 8th on the list of best stocks to buy according to Renaissance Technologies, but some AI stocks may offer higher returns in a shorter time frame. Investors looking for promising AI stocks with potential for significant gains may find better opportunities than ABNB. Consider exploring reports on the cheapest AI stocks for potential investment opportunities.

Read more: Is Airbnb (ABNB) Among the Best Stocks to Buy According to Jim Simons’ Renaissance Technologies?