Kenneth Griffin has shifted his investing strategy dramatically, selling more than 90% of his Amazon stock through Citadel Advisors, indicating a bearish outlook towards the tech giant. Simultaneously, he is increasing his investments in Chipotle, which some analysts predict could see a 29% upside. This trend of moving capital from high-performing tech stocks like Amazon reflects a broader strategy among investors to secure profits amid concerns over sustained revenue growth amid fluctuating AI developments that may impact Amazon's performance.
Griffin is shifting from Amazon to Chipotle, reflecting a trend of taking profits from tech stocks and investing in perceived potential in restaurant stocks.
Amazon stock gained over 40% in the last year, prompting some investors to secure profits due to concerns about revenue growth not matching stock performance.
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