Billionaire Israel Englander Buys 2 Artificial Intelligence (AI) Stocks Up 405% and 575% in 2 Years
Source: Motley Fool ·
Israel Englander bought stock in Palantir and Astera Labs in the second quarter.
From the source
Billionaire Israel Englander runs Millennium Management, one of the most profitable hedge funds in the world. Millennium returned 111% over the last three years, easily outperforming the S&P 500 (^GSPC -0.17%), which returned 75% over the same period. That impressive track record makes Englander a good source of inspiration for individual investors. And during the second quarter, Millennium bought two artificial intelligence (AI) stocks, quadrupling its stake in Palantir Technologies (PLTR -0.27%) and doubling its stake in Astera Labs (ALAB +1.86%). In the last two years, Palantir shares have advanced 405%, and Astera shares have added 575%. Is it too late to buy? Here's what investors should know. Image source: Getty Images. 1. Palantir Technologies Palantir develops data analytics and artificial intelligence (AI) platforms to help customers in the public and private sectors integrate data, identify actionable insights, and automate work. Some analysts view Palantir as the gold…