In this photo illustration, the AMD company logo is seen displayed on a ... [+] smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket v

Ken Griffin of Citadel sold 5.1 million shares of Palantir, reducing his stake by 91%. Meanwhile, he bought 4.7 million shares of Nvidia, increasing his stake by 194%. Nvidia is the second largest position in Citadel's portfolio, excluding options contracts and index funds.

The past two years have been absolutely phenomenal for Nvidia (NASDAQ: NVDA) investors, as shares of the graphics card specialist shot up 736% during this period once it became evident that the company is going to play a central role in the proliferation of artificial intelligence (AI).

Nvidia's sales nearly doubled YoY, with profits growing even faster than sales. Find out why NVDA stock is a Buy.

The guidance was the icing on the cake, as Nvidia expects fiscal Q4 revenue to land at $37.5 billion at the midpoint. That was slightly higher than the $37 billion Wall Street estimate. However, the stock slipped in premarket trading for a couple of reasons.

Nvidia (NASDAQ: NVDA) has undoubtedly been one of (if not the) best artificial intelligence (AI) stocks to own in 2023 and 2024. Why is Nvidia the AI leader in the first place? As AI models become more complex,

Nvidia stock has been on a disappointing run since its earnings last week but the good vibes looked set to return in a holiday-shortened session Friday.