肯·格里芬出售了其在人工智能股票博通（纳斯达克股票代码：AVGO）的一半股份，并购买了这只股票分割股票

肯·格里芬 (Ken Griffin) 一直直言不讳地谈论生成式人工智能的潜力。 “人工智能的这个分支将改变经济的游戏规则，”他说

Ken Griffin, the billionaire investor behind Citadel, made some noteworthy adjustments to his portfolio in the third quarter of 2023. Among his key moves were reducing his stake in AI stock Broadcom (NASDAQ: AVGO) and increasing his holdings in another AI stock-split stock. Let's take a closer look at these transactions and what they might mean for investors.

Citadel 背后的亿万富翁投资者 Ken Griffin 在 2023 年第三季度对其投资组合做出了一些值得注意的调整。他的关键举措包括减少在 AI 股票 Broadcom（纳斯达克股票代码：AVGO）中的持股，并增加在另一项 AI 股票分割中的持股库存。让我们仔细看看这些交易以及它们对投资者可能意味着什么。

Griffin sells Broadcom stakeBroadcom is undeniably one of the gatekeepers in the AI ecosystem. The company provides a vast array of products that are utilized in the cable, mobile, broadband, and data center industries. According to Broadcom, "99% of all internet traffic crosses through some type of Broadcom technology," rendering it a pivotal provider of the tech required to facilitate AI.

格里芬出售博通股份博通无疑是人工智能生态系统的看门人之一。该公司提供广泛的产品用于有线、移动、宽带和数据中心行业。据博通称，“99% 的互联网流量都通过某种类型的博通技术”，使其成为促进人工智能所需技术的关键提供商。

In its fiscal third quarter, which ended Aug. 4, Broadcom's revenue surged by 47% year over year to reach $13.1 billion, while its adjusted earnings per share (EPS) increased by 18% to hit $1.24. Furthermore, management anticipates continuing its growth streak and has raised its full-year revenue projection to $51.5 billion, which would equate to an impressive growth of 44%.

在截至 8 月 4 日的第三财季，博通的收入同比飙升 47%，达到 131 亿美元，调整后每股收益 (EPS) 增长 18%，达到 1.24 美元。此外，管理层预计将继续保持增长势头，并将全年收入预测提高至 515 亿美元，这相当于 44% 的惊人增长。

These stellar results help illustrate why Broadcom stock is up 64% over the past year and an astonishing 188% over the past three years (at the time of this writing). The stock has performed so well, in fact, that management instituted a 10-for-1 stock split, which was completed on July 15.

这些出色的业绩有助于说明为什么 Broadcom 股票在过去一年中上涨了 64%，在过去三年中（截至撰写本文时）上涨了惊人的 188%。事实上，该股的表现非常出色，以至于管理层进行了 10 比 1 的股票分割，并于 7 月 15 日完成。

Wall Street is nearly unanimous in its opinion of Broadcom. Out of the 42 analysts who cover the stock, 37 rate it a buy or strong buy, and none recommend selling.

华尔街对博通的看法几乎一致。在研究该股的 42 名分析师中，有 37 人将其评级为买入或强力买入，没有人建议卖出。

Given this backdrop, it's particularly noteworthy that, during the third quarter, Griffin sold more than 3.1 million shares of Broadcom -- roughly 64% of Citadel's stake in it. He still holds 1.72 million shares valued at about $296 million. At the same time, he was making a substantial purchase of another AI stock -- Nvidia (NASDAQ: NVDA).

在此背景下，特别值得注意的是，第三季度，Griffin 出售了超过 310 万股 Broadcom 股票，约占 Citadel 所持股份的 64%。他仍持有172万股股票，价值约2.96亿美元。与此同时，他还大量购买了另一只人工智能股票——英伟达（纳斯达克股票代码：NVDA）。

Griffin increases Nvidia stakeIt's evident that Griffin found Nvidia to be an alluring opportunity in the last quarter. The billionaire investor increased Citadel's stake by more than 7 million shares, marking an increase of 454%. This brought his total stake to 712 million shares, valued at $865 million, making Nvidia the second-largest individual stock holding among the thousands of stocks in Citadel's portfolio.

格里芬增加了英伟达的股份 很明显，格里芬在上个季度发现英伟达是一个诱人的机会。这位亿万富翁投资者增持了 Citadel 超过 700 万股，增幅达 454%。这使得他的总持股量达到 7.12 亿股，价值 8.65 亿美元，使 Nvidia 成为 Citadel 投资组合中数千只股票中第二大个股。

Nvidia has emerged as the poster child for the AI revolution, largely due to the fact that its graphics processing units (GPUs) are the most widely used hardware for providing the computational horsepower needed to train and run AI models. This has sparked a high demand for the company's state-of-the-art processors, which have become the gold standard for data centers, where most AI processing takes place.

Nvidia 已成为人工智能革命的典型代表，很大程度上是因为其图形处理单元 (GPU) 是使用最广泛的硬件，可提供训练和运行人工智能模型所需的计算能力。这引发了对该公司最先进处理器的高需求，这些处理器已成为大多数人工智能处理发生的数据中心的黄金标准。

The unprecedented demand has had an undeniable impact on Nvidia's financial results. During its fiscal 2025 third quarter, which ended Oct. 27, Nvidia's revenue soared by 94% year over year to reach $35 billion, while its adjusted EPS surged by 103% to hit $0.81. Management left no doubt about what drove these stellar results. "The age of AI is in full steam, propelling a global shift to Nvidia computing," said CEO Jensen Huang.

前所未有的需求对英伟达的财务业绩产生了不可否认的影响。在截至 10 月 27 日的 2025 财年第三季度，英伟达的收入同比飙升 94%，达到 350 亿美元，调整后每股收益飙升 103%，达到 0.81 美元。管理层毫不怀疑是什么推动了这些出色的业绩。首席执行官黄仁勋 (Jensen Huang) 表示：“人工智能时代正在如火如荼地进行，推动全球向 Nvidia 计算转型。”

These results help explain why Nvidia stock is up 196% over the past year and an impressive 342% over the past three years (as of this writing). The company's unbridled success led management to initiate a 10-for-1 stock split, which was completed on June 10.

这些结果有助于解释为什么 Nvidia 的股价在过去一年中上涨了 196%，在过去三年中上涨了 342%（截至撰写本文时），令人印象深刻。该公司的巨大成功促使管理层启动了 10 比 1 的股票分割，并于 6 月 10 日完成。

Broadcom isn't the only AI stock-split stock that Wall Street is nearly unanimous about. Of the 64 analysts who have offered an opinion on Nvidia, 60 rate the stock a buy or strong buy, and none recommend selling.

博通并不是华尔街几乎一致同意的唯一一只人工智能股票分割股票。在对 Nvidia 提出意见的 64 名分析师中，有 60 名分析师将该股评为买入或强力买入，没有人建议卖出。

We don't know exactly when during the third quarter that Griffin added to his stake in Nvidia, but a quick glance at the stock chart might provide some insight. In mid-June, rumors about a potential delay in the release of the company's highly anticipated Blackwell processors sent the stock tumbling, and by early August, Nvidia had shed 27% of its value. It's likely that Griffin saw a bargain he couldn't resist.

我们不知道格里芬在第三季度何时增持了英伟达的股份，但快速浏览一下股票图表可能会提供一些见解。 6 月中旬，有关该公司备受期待的 Blackwell 处理器可能会延迟发布的传言导致该公司股价暴跌，到 8 月初，Nvidia 市值已缩水 27%。格里芬很可能看到了他无法抗拒的便宜货。

As it turns out, Griffin probably didn't have any inside information that Wall Street didn't. He simply observed a compelling opportunity and acted upon it. Should retail investors follow his lead now?

事实证明，格里芬可能没有任何华尔街没有的内幕信息。他只是发现了一个引人注目的机会并采取了行动。散户投资者现在应该跟随他的脚步吗？

Nvidia stock currently trades for 69 times earnings, but that P/E metric doesn't take into account the company's above-average growth. Wall

Nvidia 股票目前的市盈率为 69 倍，但该市盈率指标并未考虑到该公司高于平均水平的增长。墙