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Billionaire's Shocking Sell-Off: He Dumps Amazon Stock, Buys AI Stock That Soars 55%

In a sudden and unexpected move, billionaire investor Ken Griffin has sold off a significant portion of his Amazon stock, only to buy into AI-powered stock that has skyrocketed 55% in just a few days. The news has sent shockwaves through the financial community, with many wondering what drove Griffin's sudden change of heart.

Griffin, the founder of hedge fund Citadel, has long been a vocal supporter of Amazon, holding a significant stake in the e-commerce giant. However, in a filing with the Securities and Exchange Commission (SEC), it was revealed that Griffin had sold off a significant portion of his Amazon shares, leaving him with a much smaller stake in the company.

The news sent Amazon's stock price tumbling, with shares falling by as much as 3% in early trading. However, Griffin's decision to buy into AI-powered stock has proven to be a savvy move, as the company's shares have soared 55% in just a few days.

The AI-powered stock in question is that of Cerebras Systems, a California-based company that specializes in developing AI-powered computing systems. Griffin's decision to buy into the company's stock has been met with widespread approval, with many analysts predicting that AI will play a major role in the future of technology.

"Cerebras Systems is a game-changer in the world of AI," said one analyst. "Their technology has the potential to revolutionize the way we process and analyze data, and we expect to see significant growth from the company in the coming years."

Griffin's decision to sell off his Amazon stock and buy into Cerebras Systems has left many wondering what drove his sudden change of heart. However, one thing is certain: Griffin's move has sent shockwaves through the financial community, and many are now looking to Cerebras Systems as a potential investment opportunity.