Ken Griffin Shifts Investments: Sells Palantir, Buys Alphabet

Billionaire Ken Griffin's hedge fund, Citadel, has significantly reduced its stake in Palantir Technologies by selling 5.1 million shares, while increasing its investment in Alphabet by purchasing 244,835 shares. Despite Palantir's strong third-quarter performance and growth in AI platforms, concerns about its high valuation have led to caution among investors. In contrast, Alphabet's stock is seen as a more favorable investment, reflecting Griffin's strategic shift in the AI and machine learning market.