From Yahoo Finance: 2025-05-11 17:02:00

Jim Simons’ Renaissance Technologies is known for its success in quantitative trading, utilizing data-driven investment strategies to predict stock movements and generate impressive returns. The Medallion Fund, part of Renaissance, has maintained a 31.5% annual return and helped Simons amass a net worth of $31.4 billion. In 2024, Renaissance’s funds showed strong performance, with the Renaissance Institutional Diversified Alpha Fund gaining 9.05% and the Renaissance Institutional Equities Fund rising 11.85% in the first two months of 2025. Palantir Technologies Inc. (NASDAQ:PLTR), part of the best stocks to buy according to Jim Simons’ Renaissance Technologies, is a software and data analytics company catering to large corporations, financial institutions, and government organizations. Cantor Fitzgerald raised its price target for PLTR from $98 to $110 after the company’s first-quarter 2025 earnings beat expectations. Ithaka US Growth Strategy highlighted PLTR’s software solutions catering to defense, security, and organizational efficiency, with approximately 55% of revenues coming from government contracts. PLTR ranks first on the list of best stocks to buy according to Jim Simons’ Renaissance Technologies, but investors are urged to consider other AI stocks with potentially greater returns and shorter timelines.



Read more at Yahoo Finance: Is Palantir Technologies (PLTR) the Best Stock to Buy According to Jim Simons’ Renaissance Technologies?