“I don’t want to play with you anymore… “ - Ken Griffin to Palantir

Ken Griffin, the hedge fund heavyweight and part-time GOP cash cannon, just pulled a move that’s equal parts savage and strategic in the ever-fuled hype of 2024’s AI game. His fund , Citadel Advisors, torched its Palantir holdings like the bad “stock tip” I got from my cousin at Thanksgiving yesterday, slashing its stake by an eye-watering 91%. The reason? So Griffin could go full-send on Nvidia, juicing up his stake by an eye-watering 194%. Meaning, if AI is the Wild West, Griffin just ditched the gold panning kit and bought every single pickaxe Nvidia’s selling.

(Source: Giphy) 

For starters, Palantir has no doubt been peacocking investors like it’s the second coming of Tesla. Sure it’s had a monster 2024, shooting up nearly 300% year-to-date. But as of Q3, Griffin is no longer buying the hype—he was selling it. Hard. Citadel’s Palantir holdings plummeted from 5.68 million shares to a measly 508,000 due to the fact that the company’s current valuation is so bloated it might as well be wearing a life jacket. We’re talking 42 times 2025 sales and 137 times projected earnings. That’s not a stock; that’s a ticking time bomb wrapped in buzzwords that's presumably giving Griffin Dotcom bubble nightmares.

(Source: Benzinga) 

Especially since Palantir’s bread and butter, its Gotham platform, is essentially a glorified Big Brother app for governments. Useful? Sure. Sexy? Nah. Scalable? Not really, unless the U.S. suddenly decides to start spying on Mars (Elon, anyone?). Hell, even its Foundry platform, the “business-friendly” sidekick to Gotham, isn’t enough to keep Griffin interested. Foundry’s growing, but it’s not yet the blockbuster product Palantir needs to justify its “we’re the future of everything” vision. Meaning, with money managers like Griffin who love nothing more than to load up on overvalued stocks for the hell of it, Palantir was always going to be on borrowed time.

But, but, but… Nvidia? Oh, baby, that’s a different story. Griffin’s Citadel absolutely splurged on the AI belle of the ball. And when I say splurge, I mean bulking up their positions by 194% to a hefty $865 million. Why? Because as we all know, Nvidia’s GPUs are the MVPs of AI infrastructure, powering everything from machine learning to my nephew’s Fortnite addiction. Its Hopper (H100) chips are selling for $30,000 to $40,000 a pop—basically the cost of a used BMW, but way more efficient (literally)—and its next-gen Blackwell chips are already on backorder. Translation: Nvidia finna go burrr…

(Source: X) 

As for the stock, Nvidia is up 181% this year and Griffin thinks there’s way more room to run. Which makes sense considering Griffin didn’t make this decision based on hype—he made it based on hardware. See, according to Griffin, Palantir might make cool AI tools, but Nvidia is the AI toolmaker. But still, by no means does that make Nvidia flawless. 

There are cracks in the armor, like its gross margins starting to limp under pressure. And don’t forget the fact that some of Nvidia’s biggest customers are building their own GPUs, which could eventually chip away (pun intended) at its dominance. But for now, Nvidia’s still the “Ali” of AI hardware, and Griffin’s betting that the demand for its game-changing tech isn’t slowing down anytime soon. 

(Source: Giphy) 

In the end, if you were a victim of Griffin’s Gamestop manipulation fiasco back in 2021, you know better than anyone that he doesn’t do half-measures. The fact that he slashed his Palantir stake by 91% and bulked up his Nvidia stake by 194% should tell you everything you need to know about something brewing here. And to be honest, it’s kind of smart. 

When there’s a frenzy like the AI revolution that’s taking place in 2024, don’t bet on the dreamers—bet on the ones selling the dreamers their tools. Because that my friend, is where the billions are at. In the meantime, filter this through a brain-cell obviously and place your bets accordingly. Do what you will with this information, and as always, stay safe and stay frosty, friends! Until next time…

P.S. Well, this isn’t your average Black Friday madness, but while people have been trampling over each other for TVs at Walmart today, our massive alert skyrocketed 130% before the market even opened! The best part? It just got halted with signs possibly hinting at another seismic leg up! Click here ASAP for the details…

Stocks.News does not hold positions in companies mentioned in the article.