Billionaires Shift from Palantir to AI Semiconductor Stocks

Institutional investors managing over $100 million in assets have disclosed their quarterly moves through SEC Form 13F filings, revealing a notable trend among billionaires. Several high-profile investors, including Ken Griffin's Citadel and Stanley Druckenmiller, have been reducing their stakes in Palantir (PLTR), the data analytics platform, while increasing exposure to semiconductor giant Nvidia (NVDA).

Citadel slashed its Palantir position by 48% in Q2, offloading 639,935 shares, though the hedge fund maintains a complex options strategy on the stock. The shift reflects a broader reallocation toward AI-focused equities, with Nvidia's 1,530% surge over three years capturing Wall Street's attention.

This rotation highlights growing institutional conviction in AI's hardware enablers over pure-play software firms. Semiconductor stocks are emerging as the new battleground for smart money betting on artificial intelligence's next phase of growth.