Billionaires buy Palantir and sell Nvidia, as Palantir sees strong growth and revenue increase.

From Nasdaq: 2025-05-18 03:32:00

Institutional asset managers reveal surprising trends in their Forms 13F for the first quarter. Billionaire hedge fund managers Israel Englander and Ken Griffin purchased Palantir Technologies (PLTR) and sold Nvidia (NVDA). Englander’s Millennium Management quadrupled its Palantir position and cut its Nvidia stake by 7%, while Griffin’s Citadel Advisors tripled its Palantir position and reduced its Nvidia stake by 50%.

Palantir Technologies, the focus of Englander and Griffin’s purchases, develops analytics and AI software. The company saw strong growth in the first quarter with a 39% increase in customers, 24% increase in average spend per customer, and 39% revenue growth to $884 million. Palantir’s revenue growth has accelerated for seven consecutive quarters, leading to raised full-year guidance.

Nvidia, the stock sold by Englander and Griffin, is a leader in accelerated computing solutions for complex data center workloads. The company reported impressive financial results in the fourth quarter of fiscal 2025, with revenue increasing by 78% to $39 billion and non-GAAP net income jumping by 71% to $0.89 per diluted share. Wall Street estimates a 46% growth in adjusted earnings for fiscal 2026.

Recent actions by the Trump administration benefit Nvidia, with the Commerce Department rescinding a rule that would have limited the company’s chip sales globally. This decision opens up opportunities for Nvidia, which is forecasted to be at the forefront of AI accelerator sales growth. Despite the hedge funds trimming their positions in Nvidia, the company’s strong financials and market position suggest continued success.



Read more at Nasdaq: Palantir Stock vs. Nvidia Stock: Billionaires Buy One and Sell the Other