Laffont’s Coatue Management sent shares of Wall Street’s two hottest artificial intelligence (AI) stocks packing in the June-ended quarter in favor of a company critical to the AI supply chain. … Article Source https://www.fool.com/investing/2024/10/31/billionaire-philippe-laffont-sold-nvidia-palantir/
Billionaire Philippe Laffont of Coatue Is Dumping Shares of Nvidia and Palantir and Piling Into This Artificial Intelligence (AI) Infrastructure Juggernaut Yahoo Finance Article Source https://finance.yahoo.com/news/billionaire-philippe-laffont-coatue-dumping-090600204.html
Coatue Management’s founder Philippe Laffont has recently stated that the escalating geopolitical tensions pose a significant threat to Nvidia and the overall chip industry. Laffont’s concerns stem from the increasing trade conflicts and restrictions that could potentially disrupt the global supply chain for semiconductors. The semiconductor industry, which plays a crucial role in powering various … Read more