Ken Griffin Slashes Citadel's Palantir Stake By 91%, Incareases Nvidia Stake By 194% In Q3
Posted: Nov 28, 2024
- Ken Griffin's fund, Citadel Advisors LLC, cut its stake in Palantir by 91% in Q3
- Citadel added 194% more shares of Nvidia in Q3
- Palantir's shares rose by 298.37% year-to-date
- Citadel reduced its ownership of Palantir from 5.68 million shares to 508,086 shares
- Nvidia shares have risen by 181% year-to-date
- Citadel increased its stake in Nvidia by 194% to 7.122 million shares
- Analysts have a consensus price target of $30.22 for Palantir and $170.56 for Nvidia
- Average price target implies a 3.83% downside for Palantir and a 13.74% upside for Nvidia
What do people on Reddit think?
🚨 Reddit sentiment: mixed/positive - While there is sarcasm and humor about Ken Griffin's decisions, several comments express bullish sentiment towards Palantir and Nvidia, despite skepticism or misunderstandings. Summarized comments: - Some users view Ken Griffin's reduction in Palantir stake as a missed opportunity since they believe there are more gains to be made - There's skepticism and humor about Citadel's strategy and comparisons to other investors like Cathie Wood - Some are considering buying Palantir calls - A comment mentioned surprise about Citadel's Nvidia stake increase, correcting an initial misunderstanding Stock tickers discussed: $PLTR, $NVDA
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