Ken Griffin Drops $2.52-B on Mega-Cap Tech Stock

When billionaire Ken Griffin pours billions into a stock, investors pay attention.

The massive bets clearly signal Griffin’s desire for greater exposure to the relentless AI arms race. (Photo: Citadel)

Griffin’s Citadel added $2.52 billion worth of Amazon stock, taking its position to more than $3.2 billion, according to its latest 13F filing. The hedge fund also doubled its stake in AI bellwether Nvidia, cementing a position now worth nearly $4 billion, Moz Farooque reported for The Street.

The massive bets clearly signal Griffin’s desire for greater exposure to the relentless AI arms race.

Amazon stock has wobbled lately on the back of its aggressive $200 billion capital spending plan tied to AI.

For perspective, the stock is down 11.3% year to date and more than 14% over the past month. However, from a fundamental standpoint, Amazon continues to impress, driven by a healthy AI-powered backlog and robust cloud sales.

Even with some investors spooked about AI, the data still point to solid demand.

For perspective, Ray Dalio’s Bridgewater also piled into Nvidia with a $253 million bet, adding roughly 1.35 million shares and bringing its total stake to nearly $721 million at year-end.

Meanwhile, billionaire investor David Tepper has also been shopping in tech, with Appaloosa putting millions to work in Micron, Google, and Meta Platforms.

Griffin remains unfazed by volatility in the tech sector and appears to be positioning Citadel for what this year could look like if AI spending effectively transitions from promise to profits.