Ken Griffin Shifts AI Investments: Sells Nvidia and Micron, Buys Amazon and Microsoft
Citadel founder Ken Griffin has adjusted his artificial intelligence (AI) investment strategy in Q2 by reducing positions in key semiconductor companies like Nvidia, Broadcom, and Micron Technology. He sold nearly 6.8 million shares of Nvidia stock alone, cutting Citadel's exposure to the company by 36%. In contrast, he increased holdings in Amazon and Microsoft—two major players in AI infrastructure development. Amazon has seen strong performance from its AWS division and custom Trainium chips, with both reaching a $25 billion annual run rate. The e-commerce giant also reported over $200 billion in quarterly revenue. Meanwhile, Microsoft is investing heavily in AI while maintaining positive cash flow, reporting $19.6 billion in free cash despite spending projections of up to $175 billion this year. Griffin's moves reflect a strategic pivot toward companies that are demonstrating tangible progress and financial resilience during the early phase of widespread AI adoption.
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Topics: AI Portfolio Management Stock Trading