Ken Griffin's Citadel's Successful Quarter

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The Motley Fool

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Billionaire Ken Griffin Sold 79% of Citadel's Stake in Artificial Intelligence (AI) Titan Nvidia and Piled Into These 3 High-Octane Growth Stocks Instead

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79% Informative

Ken Griffin's Citadel Advisors sold more than 9.2 million shares of Nvidia during the June-ended quarter .

Since the start of 2023 , Nvidia has been virtually unstoppable.

Palantir Technologies ( 5,222,682 shares purchased) increased Citadel's stake by 1,140% over where things stood on March 31, 2024 .

Pinterest ( 4,472 shares) was a supercharged growth stock that Citadel 's hedge fund was a buyer.

Pinterest's third-quarter sales guidance left a lot to be desired among Wall Street analysts.

Ken Griffin's Citadel hedge fund was busy scooping up shares of AI networking solutions specialist Broadcom (NASDAQ: AVGO ) Griffin sold 79% of his position in Nvidia to the chopping block.

The hedge fund increased its stake by nearly 64% from the sequential quarter .

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