Billionaire-led hedge funds with exceptional track records purchased stock in Nvidia and Palantir during the second quarter.

Grand View Research expects spending across artificial intelligence (AI) infrastructure, software, and services to increase 550% between 2024 and 2030, creating an enormous opportunity for investors. Two billionaire-led hedge funds with excellent track records bought stock in Nvidia ( NVDA 0.35% ) and Palantir Technologies ( PLTR -0.23% ) in the second quarter, as detailed below:

Ken Griffin's Citadel Advisors added 6.1 million shares of Nvidia, increasing its stake more than 900%. It now ranks as the second largest holding. Citadel also bought 61,100 shares of Palantir to start a small position.

David Shaw's D.E. Shaw & Co. added 28.4 million shar

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