Does Billionaire Ken Griffin Know Something Wall Street Doesn't? The Citadel CEO Dumps $750 Million in Microsoft Stock

While much of the media's attention has been squarely focused on Nvidia, longtime tech behemoth Microsoft (NASDAQ: MSFT) is an artificial intelligence (AI) force to be reckoned with as well. The company is a close partner of OpenAI, having invested billions of dollars in the creator of ChatGPT.Aside from this direct investment, Microsoft's Azure Cloud is the favored provider for ChatGPT's computational needs. Generative AI models like ChatGPT require enormous amounts of computing power, the kind that few companies have the resources to provide. Microsoft is one of those companies.Investors have generally favored the company over the last few years -- although not to the degree some of its peers have enjoyed -- in large part because of its relationship with OpenAI and Azure's success. So why did the head of one of the most successful hedge funds on Wall Street, Ken Griffin, sell nearly 70% of his stake this year?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool