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Billionaire Israel Englander Sells Palantir Stock and Buys an AI Stock Up 27,300% Since Its IPO
Millennium Management cut Palantir by 91% and increased Tesla shares fourfold in Q3, reflecting a shift from high-risk AI software to Tesla’s physical AI opportunities, analysts said.
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Billionaire Israel Englander Sells Palantir Stock and Buys an AI Stock Up 27,300% Since Its IPO
Key PointsIn the third quarter, Israel Englander's hedge fund slashed it stake in Palantir and added shares of Tesla, a stock up 27,300% since its IPO.Palantir is a leader in AI platforms, but the stock trades at 110 times sales, making it nearly three times more expensive than the next closest stock in the S&P 500.Tesla is losing market share in electric cars, but the company has substantial long-term opportunities in autonomous driving and hum…
·Alexandria, United States
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Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
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