Billionaire Philippe Laffont Sold 77% of Coatue's Stake in Nvidia in 2024 in Favor of a Polarizing Artificial Intelligence (AI) Stock That's Up 6,700% Since Its IPO
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Billionaire Philippe Laffont's Coatue Management sold 77% of its stake in Nvidia in 2024, shifting focus to a rapidly growing AI stock. This move highlights a significant portfolio adjustment by a major investor.
February 24, 2025 | 10:30 am
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Coatue Management, led by Philippe Laffont, sold 77% of its stake in Nvidia in 2024, indicating a shift in investment strategy towards a high-growth AI stock.
The sale of a significant portion of Nvidia shares by a major investor like Coatue Management could lead to a short-term negative impact on Nvidia's stock price due to perceived reduced confidence in its future growth compared to the AI stock.
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