By Trevor Jennewine, The Motley Fool
Publication Date: 2025-12-05 09:15:00
In the third quarter, hedge fund manager Philippe Laffont trimmed his position in Nvidia and added to his stake in BlackRock’s iShares Bitcoin Trust.
Billionaire Philippe Laffont runs Coatue Management, a hedge fund that beat the S&P 500 (^GSPC +0.11%) by an astonishing 94 percentage points over the past three years. That makes Laffont a great source of inspiration. Investors can review Form 13F filings to track his trades.
In the third quarter, Laffont sold 1.6 million shares of Nvidia (NVDA +2.12%), reducing his stake by 14%. He also bought 76,000 shares of the iShares Bitcoin Trust (IBIT 0.44%), a BlackRock fund that tracks the price of Bitcoin (BTC 2.59%).
Those trades are interesting because Nvidia dominates the market for artificial intelligence infrastructure, and one Wall Street expert expects Bitcoin’s price to increase 20,300% by 2045. Here’s what investors should know.
Image source: Getty Images.
1. Nvidia
When OpenAI launched ChatGPT in late 2022, it quickly made clear the disruptive potential of generative artificial intelligence (AI). Demand for AI infrastructure has since been insatiable, and few companies have benefited more than Nvidia. Its graphics processing units (GPUs) are the industry standard in accelerating AI workloads in data centers, and the company leads the market in generative AI networking gear.
Going forward, Nvidia is likely to maintain its dominant market position as the AI revolution evolves from generative use cases (e.g., creating…
