Billionaire Philippe Laffont Sells Nvidia Stock and Buys an AI Stock Up 300% in 2025
Hedge fund manager Philippe Laffont reduced his exposure to Nvidia and started a position in CoreWeave, one of Wall Street's hottest IPO stocks.Nvidia (NVDA 1.74%) is the cornerstone of the artificial intelligence (AI) boom, and Wall Street has a great deal of conviction in the semiconductor company. Among 65 analysts, the median target price is 155.Yet hedge fund manager Philippe Laffont of Coatue Management sold 1.4 million shares of ...