By Trevor Jennewine, The Motley Fool
Publication Date: 2026-02-20 10:00:00
Billionaire Philippe Laffont runs Coatue Management, a hedge fund that beat the S&P 500 (SNPINDEX: ^GSPC) by 112 percentage points over the last three years. Beating the S&P 500 by any margin over an extended time period is impressive, but outperforming to that degree is astonishing.
Laffont made interesting trades in the fourth quarter. He sold 667,400 shares of Nvidia (NASDAQ: NVDA), a brand that has become synonymous with artificial intelligence. He also bought 10.2 million shares of Netflix (NASDAQ: NFLX), a company that completed a 10-for-1 stock split in November. The stock is up 20,000% since January 2006.
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Here’s what investors should know.
Nvidia is well known for its graphics processing units (GPUs), chips that accelerate artificial intelligence (AI) and other complex data center workloads. The company holds about 90% market share in AI accelerators, a market projected to grow at 29% annually through 2033, but the company is truly formidable due to its full-stack strategy that spans adjacent hardware and software.
For instance, Nvidia develops Ethernet and InfiniBand networking solutions, and business is booming. It has won several major customers, like Alphabet‘s Google, Meta Platforms, and…
