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Billionaires Are Selling Palantir Stock and Buying 1 Supercharged Index Fund for the Artificial Intelligence (AI) Boom
PLTRPalantir Technologies(PLTR) The Motley Fool·2024-11-29 16:45

Palantir shares have surged 285% year to date due to encouraging financial results and growing excitement about its position in the artificial intelligence economy. However, the billionaire-run hedge funds below sold Palantir stock in the third quarter, while buying shares of the Vanguard Information Technology ETF (VGT -1.03%).Ken Griffin's Citadel Advisors sold 5.1 million shares of Palantir, slashing its stake by 91%. The hedge fund bought 14,521 shares of the Vanguard Information Technology ETF, increas ...