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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Citadel Advisors Pours $170M Into AI, Quantum Computing Stocks That Rallied Up to 70% in a Month

Griffin founded Citadel Advisors in 1990. (Credit: Reuters)

Kenneth Griffin leads one of the most successful hedge funds in the world. As the founder and CEO of Citadel Advisors, Griffin is widely recognised for his open-mindedness to diverse asset classes and quantitative investing approach. Citadel has generated over $74 billion (£54.7 billion) in net gains since its inception in 1990.

Just after Citadel Advisors bought nearly 1 million shares of HCM II Acquisition (Nasdaq:HOND) days before the blank-cheque company received approval from the US Securities and Exchange Commission for its merger with Terrestrial Energy, the hedge fund disclosed it collectively purchased 18 million shares of an AI company and a quantum computing firm on 25th September, both over which have surged over 30% in the past month, with one stock over 70%.

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