Ken Griffin Pays Record $13.7 Million for Lincoln's 13th Amendment Ending Slavery
Griffin reset the record for any document signed by Lincoln when he paid Sotheby's $13.7 million on Thursday for a rare, handwritten copy of the 13th Amendment. The president signed the single sheet of vellum in 1865 ending slavery nationwide, and it is one of only four surviving copies to remain in private hands.
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Business Insider
32 minutes ago
- Business Insider
Nvidia or AMD: Billionaire Ken Griffin Goes All-In on One Top AI Chip Stock
AI has been Wall Street's obsession for quite some time now, with investors excited about how the game-changing tech is set to transform our world in many ways, from reshaping business models and driving productivity gains to creating entirely new markets and industries. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The technology is widely seen as one of the most transformative forces of our era – yet, according to investing legend Ken Griffin, the most meaningful chapters are still unwritten. 'Generative AI has just gripped the world both in mind-share impact and to some degree hype… Generative AI is just another step in the journey of the use of machine learning technologies by modern society… I think the really interesting generative AI stories are going to be when people think about how to use these tools in radically different ways than we currently use software, and those will be many of the game-changing businesses of the next 10 to 20 years. So it's going to be incredibly exciting,' Griffin opined. Griffin is backing up his words with action. With a net worth north of $47 billion, the founder and CEO of Citadel – one of the world's most profitable hedge funds, managing $68 billion in capital – has been leaning heavily into the AI opportunity. Citadel's portfolio boasts some of the most prominent AI stocks out there, including Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD). However, during Q2, Griffin loaded up on one of these yet trimmed his holdings of the other. So, we've decided to take a closer look at the pair to see why Griffin has more conviction in one of these names right now, and with a little help from the TipRanks database, we can also find out if the Street's analyst community is thinking along the same lines. Nvidia What better place to start than at the altar of the mightiest AI stock of them all? The current bull market might be an AI-driven one, but you might as well call it the Nvidia bull market. That's because AI's rise has coincided with Nvidia's march to the top of the market cap charts, with the firm transforming from merely a semiconductor giant to becoming the world's most valuable company. That transformation has been powered by one critical fact: Nvidia makes the best AI chips on the market – the ones driving the data centers that fuel this technological revolution. Under Jensen Huang's leadership, the company now commands more than an 80% share of this space, leaving rivals scrambling to keep pace. It's a remarkable shift for a firm that, not long ago, was better known for supplying GPUs to gamers. Wall Street first took notice when its data center segment exploded into Nvidia's primary growth engine, and the company has since built a track record of delivering blockbuster quarterly results. Even trade restrictions and China-related headwinds haven't derailed its momentum, as demonstrated in its last reported fiscal Q1 quarter. (April quarter). Revenue surged to $44.06 billion, up 69.2% year-over-year and ahead of consensus by $810 million. Data Center revenue accounted for $39.1 billion of that total, a 73% annual jump. Earnings strength followed suit, with adjusted EPS of $0.81 beating forecasts by $0.06. With all of that on offer, Ken Griffin has signaled that he wants in. During Q2, he upped his NVDA stake by 414%, purchasing 6,513,348 shares. These are currently worth a whopping ~$1.175 billion. According to Piper Sandler's Harsh Kumar, an analyst ranked in 13th spot amongst the thousands of Wall Street stock experts, that investment is going to pay off nicely. Looking ahead to the upcoming July quarter readout (slated for August 27), Kumar thinks another strong display is coming. 'We are expecting another positive quarter from NVDA and see upside to numbers for both the July and October quarters,' the 5-star analyst said. 'While we are modeling largely in-line for the July quarter and slightly below Street for October, we are calling for upside given the recent positive commentary from U.S. hyperscalers as well as the inclusion of revenues from China. We note that our estimates and Street estimates do not reflect the inclusion of China business as we are anticipating revenues to start coming in towards the end of this month. China demand in our view could amount to ~$6B in sales for the October quarter and further ramp from there at a ~12-15% growth rate moving forward in a normal quarter. Finally, we are encouraged by hyperscaler commentary around capex plans for 2H and 2026 which should continue to pressure NVDA to meet this demand.' Quantifying his bullish stance, Kumar rates NVDA shares as Overweight (i.e., Buy) while his $225 price target factors in a one-year gain of 25%. (To watch Kumar's track record, click here) The majority of Kumar's colleagues support that stance; NVDA claims a Strong Buy consensus rating, based on a mix of 35 Buys, 2 Holds and 1 Sell. (See NVDA stock forecast) AMD There is really no better stock to delve into next than AMD, a statement that is something of both a compliment and a curse. A compliment because AMD is seen as possibly the only other semi name out there that can challenge Nvidia's dominance in the AI chip world. Moreover, AMD has already proven itself adept at eroding another rival's rule over a particular segment. Intel used to be the undisputed leader of the CPU space, but by making the most of Intel's mistakes and offering better products, AMD has been steadily closing the gap on the fallen chip giant's leading position in that sector. But the very fact that AMD is measured against Nvidia is what makes the comparison something of a curse. Despite its achievements, AMD has often been saddled with 'little bro' status. The perception persists that AMD is simply second-best in the AI chip game, lacking the complete ecosystem that Nvidia offers, and forced to play catch-up in a market it entered much later. And unlike struggling Intel, Nvidia isn't a weakened rival – it's still firing on all cylinders, making the bar for AMD that much higher. Even so, it's important not to overlook AMD's own impressive trajectory. While Nvidia may have stolen the spotlight, AMD has continued to deliver solid results and carve out its share of wins. The company's recent Q2 readout underscored that point. Revenue climbed by 31.7% year-over-year, reaching $7.69 billion and outpacing analyst expectations by $260 million. At the bottom line, adjusted EPS of $0.48 landed in line with consensus estimates. Looking ahead, AMD projects Q3 revenue of $8.7 billion, plus or minus $300 million, well above the Street's forecast of $8.32 billion. In fact, this outlook didn't even factor in revenue from shipments to China, which had been banned at the time but are now allowed again. The market has taken notice. AMD shares have surged 127% since April's tariff-driven lows, a rally that may explain why Griffin has been trimming his stake. In Q2, the billionaire sold 2,433,332 AMD shares, cutting 67% of his holdings. That kind of caution is mirrored in recent comments made by Morgan Stanley analyst Joseph Moore, who wrote: 'AMD revenue continues to be quite strong, but it's not clear that will be enough to keep the bulls in charge of the narrative. AMD guided well above consensus for Q3, but there are a few factors of note here that make the topline strength less appealing: (1) Console gaming upside drove the beat in Q2, arguably the lowest quality portion of AMD's business, (2) datacenter GPU will be up y/y in Q3, implying 1.6bn+ by our estimates; combined with company commentary for strong server and growth in embedded and client, we don't think it's likely to be more than 100- 200mn more than that…(3) Opex coming in above estimates limits impact on EPS.' To this end, the 5-star analyst rates AMD an Equal-Weight (i.e., Neutral) while his $168 price target implies shares will slide by 5% over the coming months. (To watch Moore's track record, click here) To find good ideas for AI stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Yahoo
7 hours ago
- Yahoo
Qualys (QLYS) Wins Two Pwnie Awards at DEF CON for Groundbreaking OpenSSH Vulnerability Research
Qualys, Inc. (NASDAQ:QLYS) is one of the Qualys, Inc. (NASDAQ:QLYS) is one of the best midcap AI stocks to buy right now. On August 12, 2025, Qualys announced that its Threat Research Unit (TRU) received two Pwnie Awards at the DEF CON cybersecurity conference for its groundbreaking work uncovering critical OpenSSH vulnerabilities. The awards, 'Epic Achievement' and 'Best Remote Code Execution (RCE)', recognized Qualys for identifying CVE-2024-6387, the first pre-authentication RCE in OpenSSH in nearly two decades, and CVE-2025-26465, a man-in-the-middle attack affecting FreeBSD clients. The wins cement Qualys' status as a major player in vulnerability research. welcomia/ Alongside its ongoing threat research, Qualys expanded coverage within its Enterprise TruRisk Platform on August 12, 2025, issuing new vulnerability checks tied to Microsoft's latest Patch Tuesday update. While the company did not publish a formal press release, its research portal listed 98 vulnerabilities across 12 Microsoft security bulletins, with immediate support deployed for customer environments. The update underscores Qualys' operational emphasis on rapid detection and remediation, reinforcing its reputation for delivering same-day protections aligned with major vendor disclosures. Qualys is a U.S.-based provider of cloud-native IT, security, and compliance solutions. Its platform is used by global enterprises to manage vulnerabilities, ensure policy compliance, protect against threats, and inventory digital assets across hybrid environments. While we acknowledge the potential of QLYS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 hours ago
- Yahoo
SentinelOne (S) Expands Mimecast Partnership to Advance Human-Centric Cybersecurity
SentinelOne, Inc. (NYSE:S is one of the SentinelOne, Inc. (NYSE:S) is one of the best midcap AI stocks to buy right now. On August 6, 2025, SentinelOne announced an expanded partnership with Mimecast to advance human-centric cybersecurity. The integration connects SentinelOne's Singularity™ Platform with Mimecast's Human Risk Management (HRM) solution, enabling enterprises to correlate endpoint telemetry with behavioral insights and email-based threat intelligence. The goal is to strengthen real-time detection, automate risk scoring, and deliver targeted awareness training based on individual user behavior. Den Rise/ This collaboration marks a shift toward more adaptive, user-aware security frameworks. By analyzing how people interact with their environments, through devices, apps, and communications, the combined solution helps identify at-risk users and prioritize them for intervention. SentinelOne's AI-driven endpoint protection feeds into Mimecast's analytics to uncover patterns of risky behavior, enhancing both detection and prevention efforts. SentinelOne is a California-based cybersecurity company that provides autonomous endpoint protection, cloud security, and identity threat detection through its Singularity™ Platform. The company employs artificial intelligence and machine learning to deliver real-time threat prevention, detection, and response at machine speed. While we acknowledge the potential of S as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and .
