Ken Griffin's top AI stock picks include Amazon, Apple, and Broadcom, showing confidence in the sector.

From Nasdaq: 2024-10-17 05:50:00

1. Ken Griffin of Citadel hedge fund has a diversified portfolio with over 5,800 holdings, leading to a net worth of $43 billion. Among his top AI stock picks is Amazon (AMZN), which he significantly increased his stake in during Q2, citing the company’s strong position in AI and cloud services.

2. Apple (AAPL) is another top AI stock in Griffin’s portfolio, with a substantial increase in holdings in Q2. The introduction of Apple Intelligence has the potential to drive iPhone upgrades, although some experts remain cautious about the stock’s high valuation and slow AI feature rollout.

3. Griffin’s third top AI stock pick is Broadcom (AVGO), with a 64% increase in Citadel’s holdings in Q2. The company expects significant revenue from AI and has launched new AI infrastructure products, despite facing challenges with revenue growth. Wall Street remains bullish on Broadcom as a solid AI stock pick.



Read more at Nasdaq: Billionaire Ken Griffin’s Top 3 Artificial Intelligence (AI) Stocks: Are They Buys Now?