Billionaire Ken Griffin Increased His Stake in This Artificial Intelligence (AI) Semiconductor Stock by 172% (Hint: It's Not Nvidia)

Core Viewpoint - Citadel Advisors, led by Ken Griffin, has significantly increased its stake in Intel, acquiring 11.7 million shares in the third quarter, nearly tripling its position in the semiconductor company [3][4]. Group 1: Citadel's Investment in Intel - Citadel's stake in Intel increased by 172% in the third quarter, with shares owned rising from 6.8 million to 18.5 million over the last five quarters [3][4]. - The fund's recent purchase of 11.7 million shares indicates a strong bullish sentiment towards Intel [4]. Group 2: Market Context and Potential - The CHIPS Act, which allocates $280 billion to boost U.S. semiconductor manufacturing, may benefit Intel significantly, aligning with the interests of the incoming administration [5][6]. - Despite a challenging year for Intel, with shares down over 50%, there is speculation that the stock may have bottomed out, potentially leading to a rebound [7][11]. Group 3: Intel's Challenges and Outlook - Intel has faced operational difficulties and lost market share to competitors, leading to its removal from the Dow Jones Industrial Average [7][10]. - The company is undergoing a turnaround phase, and while there are signs of potential recovery, the investment outlook remains speculative [12][13].