Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Palantir Billionaire Peter Thiel Just Bought Shares of This AI Stock That’s Climbed 200,000% Since Its IPO -- And It’s His Top Position.

Thiel is known for his ability to spot a future winner.

Peter Thiel, the co-founder of PayPal and Palantir Technologies, has recently made a significant investment in an artificial intelligence (AI) stock that has experienced an astonishing 200,000% increase since its initial public offering. Thiel, known for his successful tech ventures and ability to identify top tech businesses, now has this AI stock as his No. 1 position.

Despite his fund, Thiel Macro, experiencing a zero investment for two consecutive quarters, the billionaire decided to make a bold move and acquire shares of this AI player. With Thiel's track record of selecting winning companies, investors can take confidence in his decision to invest in this AI stock.

Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 1 other outlet

Read the original at fool.com →

More in Finance & Markets

Experts explain why the naira is not N1,000/$1 or better despite stronger reserves, increased oil earnings

Nigeria’s stronger oil earnings and rising foreign exchange reserves have improved the country’s external position, but the naira has remained above N1,300 to the dollar, raising questions about why…

  • Nigeria's foreign exchange reserves at $53.9 billion as of September 1
  • Experts attribute naira's strength below N1,000/$1 to dollar demand and liquidity
  • Strong oil earnings and reserves don't guarantee naira appreciation

More from Saturday 5 September →