22.11.2024 10:50:00

Nvidia Stock vs. Taiwan Semiconductor Stock: Billionaire Ken Griffin Buys One and Sells the Other

Ken Griffin ranks 33rd on the Bloomberg Billionaires Index with a net worth exceeding $42 billion. He is also the founder and CEO of Citadel, the most profitable hedge fund in history as measured by net gains since inception. Those bona fides make Griffin a good source of inspiration, and retail investors can follow along with his trades by reviewing quarterly Forms 13F.Interestingly, while Nvidia (NASDAQ: NVDA) and Taiwan Semiconductor (NYSE: TSM) are both positioned to benefit from demand for artificial intelligence (AI) infrastructure, Griffin bought one stock and sold the other in the third quarter.Those trades suggest Griffin's confidence in Nvidia increased substantially during the third quarter, while his confidence in Taiwan Semiconductor may have waned slightly. But the third quarter ended in September, so let's take a closer look at where both AI stocks stand today.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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