"Top hedge fund manager Ken Griffin sold Amazon and bought Palantir in the third quarter. Ken Griffin runs Citadel Advisors, the most successful hedge fund in history as measured by net gains since inception. Additionally, Citadel outperformed the S&P 500 by 8 percentage points over the last three years. That makes Griffin an excellent source of inspiration for retail investors."
"E-commerce: Amazon runs the largest online marketplace in North America and Western Europe. It has developed generative AI tools for customer service, inventory placement, and last-mile delivery, as well as models that make its industrial robot fleet more efficient. Amazon has also developed an AI shopping assistant called Rufus that is on pace to deliver $10 billion in sales this year."
Ken Griffin manages Citadel Advisors, which ranks as the most successful hedge fund by net gains since inception and outperformed the S&P 500 by eight percentage points over the past three years. In the third quarter, Citadel sold 1.6 million Amazon shares and acquired 388,000 shares of Palantir Technologies. Palantir has risen roughly 1,030% since January 2024, while Nvidia rose about 281% over the same period. Amazon maintains leading positions in e-commerce, digital advertising, and cloud computing and is deploying generative and agentic AI across customer service, logistics, advertising, and AWS platform services.
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