Billionaires Are Selling Palantir Stock and Buying an AI Stock an Analyst Says "Will Be the Most Important Company to Our Civilization"

Motley Fool11-24 15:40

Two of the most successful hedge funds, Citadel and D.E. Shaw, sold Palantir stock and bought shares of Nvidia during the third quarter. Palantir's Artificial Intelligence Platform (AIP) has ...

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Shaw, sold Palantir stock and bought shares of Nvidia during the third quarter.\n\n\n\n\n\n\n\nPalantir's Artificial Intelligence Platform (AIP) has ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/11/24/billionaires-sell-palantir-stock-buy-ai-stock-most/\">Source Link</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Billionaires Are Selling Palantir Stock and Buying an AI Stock an Analyst Says \"Will Be the Most Important Company to Our Civilization\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBillionaires Are Selling Palantir Stock and Buying an AI Stock an Analyst Says \"Will Be the Most Important Company to Our Civilization\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-24 15:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/11/24/billionaires-sell-palantir-stock-buy-ai-stock-most/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Two of the most successful hedge funds, Citadel and D.E. Shaw, sold Palantir stock and bought shares of Nvidia during the third quarter.\n\n\n\n\n\n\n\nPalantir's Artificial Intelligence Platform (AIP) has ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/11/24/billionaires-sell-palantir-stock-buy-ai-stock-most/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2054465674.USD","symbol_name":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","start_time":0,"source_url":"https://www.fool.com/investing/2024/11/24/billionaires-sell-palantir-stock-buy-ai-stock-most/","article_id":"2485277766","we_media_id":null,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F798868%2Fartificial-intelligence-7.jpg&op=resize&w=165&h=104"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485277766","pubTimestamp":1732434000,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Two of the most successful hedge funds, Citadel and D.E. Shaw, sold Palantir stock and bought shares of Nvidia during the third quarter.Palantir's Artificial Intelligence Platform  has garnered praise from industry analysts, but the stock trades at an extraordinarily expensive valuation.Nvidia has a durable competitive advantage arising from its ability to design and optimize data center systems across hardware, software, and services.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","AIP":"Arteris, Inc.","NVD2.UK":"2X NVIDIA ETP","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4588":"碎股","SNVD.UK":"LS -1X NVIDIA","LU1917777945.USD":"安联专题基金Cl AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4550":"红杉资本持仓","NVD3.UK":"LS 3X NVIDIA","SG9999014575.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USDHDG) INC","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","2NVD.UK":"2X NVIDIA ETP","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","NVDS.UK":"LS -1X NVIDIA","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","NVD":"GraniteShares 2x Short NVDA Daily ETF","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","NVDD":"Direxion Daily NVDA Bear 1X Shares","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE00BYXW3230.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"AA\" (USD) ACC","LU1261432733.SGD":"Fidelity World A-ACC-SGD","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","NVDA":"英伟达","LU2506951792.HKD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (HKDHDG)       ACC","NVDS":"Tradr 1.5X Short NVDA Daily ETF","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","NVDU":"Direxion Daily NVDA Bull 2X Shares","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","LU0057025933.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (USD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","NVDX":"T-REX 2X LONG NVIDIA DAILY TARGET ETF","PLTR":"Palantir Technologies Inc.","LU0788109477.HKD":"BGF GLOBAL ALLOCATION \"A2\" (HKDHGD) ACC","NVDY":"YIELDMAX NVDA OPTION INCOME STRATEGY ETF","LU1923622614.USD":"Natixis Thematics Meta R/A USD","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","3NVD.UK":"LS 3X NVIDIA","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU2242649171.HKD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC"},"translate_title":"亿万富翁正在出售Palantir股票并购买人工智能股票分析师称“将成为我们文明最重要的公司”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AIP":1,"PLTR":1,"NVDA":0.9,"NVD":0.6,"NVD2.UK":0.6,"NVD3.UK":0.6,"NVDD":0.6,"NVDS":0.6,"NVDS.UK":0.6,"NVDU":0.6,"NVDX":0.6,"NVDY":0.6,"SNVD.UK":0.6,"3NVD.UK":0.6,"2NVD.UK":0.6},"content_text":"Two of the most successful hedge funds, Citadel and D.E. Shaw, sold Palantir stock and bought shares of Nvidia during the third quarter.\n\n\n\n\n\n\n\nPalantir's Artificial Intelligence Platform (AIP) has garnered praise from industry analysts, but the stock trades at an extraordinarily expensive valuation.\n\n\n\n\n\n\n\nNvidia has a durable competitive advantage arising from its ability to design and optimize data center systems across hardware, software, and services.\n\nShares of Palantir Technologies (PLTR 4.87%) have advanced 275% this year, making it the second-best-performing stock in the S&P 500 (SNPINDEX: ^GSPC). That upside was driven by a series of impressive financial reports showcasing robust demand for its Artificial Intelligence Platform (AIP).Yet, the hedge fund billionaires listed below sold Palantir stock during the third quarter while buying shares of Nvidia (NVDA -3.22%), a chipmaker CFRA analyst Angelo Zino believes \"will be the most important company to our civilization over the next decade as the world becomes more AI-driven.\"Ken Griffin's hedge fund, Citadel Advisors, sold 5.1 million shares of Palantir in the third quarter, cutting its stake by 91%. Meanwhile, Citadel bought 7.1 million shares of Nvidia, increasing its position by 194%. Nvidia is now the second-largest holding in the portfolio, excluding options contracts and index funds.David Shaw's hedge fund, D.E. Shaw, sold 8.7 million shares of Palantir in the third quarter, reducing its stake by 45%. Meanwhile, D.E. Shaw added 6 million shares of Nvidia, upping its position by 53%. Nvidia is now the largest holding in the portfolio.The trades listed above carry additional weight because Citadel and D.E. Shaw are two of the three most profitable hedge funds in history, as measured by net gains since inception, according to LCH Investments. Read on to learn more about Palantir and Nvidia.1. Palantir TechnologiesPalantir specializes in data analytics. Its foundational data operations platforms, Foundry and Gotham, are augmented by its AIP. Collectively, those software products let businesses integrate data, develop machine learning models, and query data with analytical applications to surface insights that improve decision-making.Importantly, Dresner Advisory Services recently listed Palantir and Domino Data Lab as the top vendors in its 2024 market study of artificial intelligence (AI), data science, and machine learning platforms. That means Palantir outscored all three major public clouds and data analytics specialist Snowflake. Likewise, Forrester Research has ranked Palantir's AIP as the strongest AI/machine learning platform on the market.Palantir reported solid financial results in the third quarter, beating estimates and raising guidance. Revenue increased 30% to $726 million, the fifth consecutive sequential acceleration, and non-GAAP (non-generally accepted accounting principles) earnings jumped 43% to $0.10 per diluted share. On the earnings call, CFO Dave Glazer called out \"unprecedented demand\" for AIP as the primary reason for the strong quarter. The company expects revenue to increase 26% in the fourth quarter.Unfortunately, investors have brushed valuation aside where Palantir is concerned, often focusing instead on headlines that have no direct impact on business fundamentals. For instance, shares surged 11% on Nov. 15 simply because Palantir announced plans to relist on the Nasdaq Stock Exchange. A similar run-up followed its addition to the S&P 500 in September.\"Valuation cannot and should not be irrelevant, and we find it increasingly difficult to justify Palantir's high multiple,\" Gregg Moskowitz at Mizuho wrote in a recent note. Wall Street expects the company's adjusted earnings to grow at 27% annually through 2025. That makes the current valuation of 180 times adjusted earnings look extraordinarily expensive. Prospective investors should avoid this stock, and current shareholders should consider trimming large positions.2. NvidiaMost investors know that Nvidia's graphics processing units (GPUs) are the industry standard in AI chips. GPUs can perform certain calculations more quickly and efficiently than central processing units (CPUs). This lets them speed up computationally intensive data center tasks, like training large language models and running artificial intelligence applications.Indeed, Nvidia GPUs consistently deliver superior results at the MLPerf benchmarks, unbiased tests designed to measure performance across AI training and AI inference. However, some investors may not appreciate that Nvidia is more than a chipmaker. The company has secured a leadership position in AI networking equipment, and its software and services business is rapidly building momentum.Nvidia CEO Jensen Huang recently told analysts, \"We literally build the entire data center, and we can monitor everything, measure everything, optimize across everything.\" That lets Nvidia build data center systems that offer the best performance and, consequently, the lowest total cost of ownership. That competitive advantage should keep Nvidia on the cutting edge of AI for years to come.Nvidia reported encouraging financial results in the third quarter, beating estimates on the top and bottom lines. Revenue rose 94% to $35 billion, and non-GAAP earnings surged 103% to $0.81 per diluted share. Management also gave stronger guidance than Wall Street anticipated, such that revenue is projected to increase 70% in the fourth quarter.Looking ahead, Wall Street expects Nvidia's adjusted earnings to increase by 51% annually through fiscal 2026, which ends in January 2026. That consensus makes the current valuation of 54.2 times adjusted earnings look reasonable. Recall that Palantir's adjusted earnings are projected to grow half as quickly, yet its price-to-earnings multiple is more than three times higher. Of the two AI stocks, Nvidia is far cheaper and the better buy right now.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"Shareholding Changes","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485277766"}