Billionaire Hedge Funds Bet Big on AI Boom: Nvidia and Palantir in Focus

Artificial intelligence spending is projected to surge 550% between 2024 and 2030, according to Grand View Research. This seismic growth has attracted the attention of history's most profitable hedge funds, with Citadel Advisors and D.E. Shaw & Co. making substantial bets on AI leaders Nvidia and Palantir.

Ken Griffin's Citadel increased its Nvidia position by over 900%, adding 6.1 million shares to make it their second-largest holding. The fund also initiated a position in Palantir. Meanwhile, David Shaw's D.E. Shaw boosted its Nvidia stake by 200% with 28.4 million additional shares, while nearly doubling its Palantir investment.

Nvidia's graphics processing units have become the Gold standard for AI workloads in data centers, positioning the company at the epicenter of the AI revolution. Palantir's data analytics platforms continue gaining traction in both government and commercial sectors.