From Nasdaq: 2024-11-12 04:30:00

Ken Griffin, founder and CEO of Citadel, leads the most profitable hedge fund in history. Investors can track Citadel’s stock moves through Forms 13F filed with the SEC. Griffin sold millions of Nvidia shares and bought Amazon stock in the first half of 2024.

In the second quarter, Griffin reduced his Nvidia stake by 79% but increased his Amazon position by 17%. Amazon was Citadel’s largest holding as of June 30. Nvidia’s GPUs are crucial in AI, with Forrester Research noting their necessity. Nvidia’s robust ecosystem and growth potential make it a strong investment choice.

Nvidia’s fiscal Q2 2025 saw a 122% sales increase to $30 billion and a 152% jump in non-GAAP net income. Wall Street projects a 51% annual growth in adjusted earnings through fiscal 2026. Despite Griffin’s sales, long-term investors should consider Nvidia before earnings on Nov. 20.

Amazon, with strong e-commerce, advertising, and cloud services, uses AI to enhance operations. Amazon’s marketplace data drives machine learning models for inventory and advertising. AWS, the top public cloud, excels in AI developer services. Amazon’s Q3 financials beat estimates, with strong revenue growth in advertising and cloud services.

Wall Street expects Amazon’s earnings to grow 24% annually through 2025. The current valuation of 44.5 times earnings is reasonable. Long-term investors could consider buying a position now. Don’t miss the potential opportunity of investing in companies with high growth potential. Check out “Double Down” stock recommendations for lucrative opportunities.



Read more at Nasdaq: Nvidia Stock vs. Amazon Stock: Billionaire Ken Griffin Buys One and Sells the Other