Citadel’s Ken Griffin Shifts from Broadcom to AI-Focused Stock Amid Market Surge
Billionaire Ken Griffin's Citadel made a significant portfolio adjustment in Q2, selling over 80% of its Broadcom stake as the chipmaker joined the trillion-dollar market cap club. The hedge fund redirected capital toward an undisclosed artificial intelligence stock, signaling confidence in AI's continued growth trajectory.
Broadcom's 91% annual gain reflects booming demand for its custom AI chips, particularly from hyperscalers like OpenAI. While Nvidia remains the dominant AI hardware play, Griffin's move suggests alternative bets may offer better risk-reward profiles at current valuations.
The Magnificent Seven's AI leadership continues attracting institutional capital, but savvy investors appear to be rotating into secondary beneficiaries. Citadel's thousands of equity positions make its concentrated moves particularly noteworthy for market sentiment.
