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most investorsThe Motley Fool
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82% Informative
Ken Griffin's hedge fund made a number of eye-opening moves in Wall Street's hottest artificial intelligence ( AI ) stocks during the June-ended quarter .
With most AI stocks flying, Griffin 's fund pared down 79% of its stake in Nvidia (NASDAQ: NVDA ) as of the closing bell on Nov. 8 .
The simple fact that most businesses lack a clear plan or direction with their AI investments is a glaring warning that AI lacks the utility to support Nvidia 's nearly parabolic move higher.
Griffin and his advisors might also be concerned about increased competition coming at Nvidia from all angles.
Insider trading activity is another potential red flag for Nvidia 's stock.
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