Posted 4/7/2024, 5:55:00 PM
Ken Griffin Triples Citadel's Amazon Stock Bet as AI Fuels Cloud Giant's Growth
- Ken Griffin has more than tripled Citadel's investment in Amazon stock recently
- Amazon is a leader in AI through services like Alexa and Amazon Web Services
- AI provides a huge long-term opportunity for Amazon's cloud business
- Amazon continues to increase profitability through advertising and other areas
- The article suggests Amazon could be a great investment, but advises doing your own research