Citadel’s Big Buy Halts Downward Spiral in Still-Frothy AI Trade

Billionaire Ken Griffin’s deal with embattled hedge fund Situational Awareness helped trigger a relief rally in global AI stocks, leaving traders debating if the worst is over or more blowouts...

By Abhishek Vishnoi, Winnie Hsu and Bernadette Toh · Bloomberg Markets

Billionaire Ken Griffin’s deal with embattled hedge fund Situational Awareness helped trigger a relief rally in global AI stocks, leaving traders debating if the worst is over or more blowouts are on the way.