Billionaires Are Selling Palantir Stock and Buying an AI Stock an Analyst Says "Will Be the Most Important Company to Our Civilization"
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Shares of Palantir Technologies (NYSE: PLTR) have advanced 275% this year, making it the second-best-performing stock in the S&P 500 (SNPINDEX: ^GSPC). That upside was driven by a series of impressive financial reports showcasing robust demand for its Artificial Intelligence Platform (AIP).Yet, the hedge fund billionaires listed below sold Palantir stock during the third quarter while buying shares of Nvidia (NASDAQ: NVDA), a chipmaker CFRA analyst Angelo Zino believes "will be the most important company to our civilization over the next decade as the world becomes more AI-driven."The trades listed above carry additional weight because Citadel and D.E. Shaw are two of the three most profitable hedge funds in history, as measured by net gains since inception, according to LCH Investments. Read on to learn more about Palantir and Nvidia.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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