Ken Griffin has carved out a place in Wall Street history. The billionaire investor made a name for himself for correctly predicting the 1987 stock market crash. He cemented his legend as the CEO and founder of Citadel Advisors. Under his watchful eye, it became the most successful hedge fund ever, defying the downturn and generating $16 billion in profits in 2022, marking the largest windfall in hedge fund history.

Griffin has also been outspoken about the impact of generative artificial intelligence (AI). "This branch of AI will be game-changing for the economy because it will take an enormous amount of work that's done today by people and do it in a distinctly different, highly automated, highly efficient way." The market is expected to be worth $1.3 trillion by 2032, according to Bloomberg Intelligence, but some estimates are much higher.

With that as a backdrop, investors won't be shocked to learn that despite a highly diversified portfolio containing thousands of holdings, Citadel's top five individual positions are AI stocks.

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Source Fool.com