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Billionaire Philippe Laffont Sells Nvidia Stock and Buys an AI Stock Up 300% in 2025
The Motley Fool·2025-06-28 15:04

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 175pershare.Thatimplies13175 per share. That implies 13% upside from its current share price of 155.Yet hedge fund manager Philippe Laffont of Coatue Management sold 1.4 million shares of ...