This Billionaire Dumped Cloud Stocks for These New AI Stocks. Should Investors Follow Suit?
Key takeaways
- AMZN TSM ASML GOOG NVDA Billionaire portfolio manager Philippe Laffont of Coatue Management had a busy first quarter.
- Meanwhile, he was buying a pair of semiconductor infrastructure enablers.
- Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need.
AMZN TSM ASML GOOG NVDA Billionaire portfolio manager Philippe Laffont of Coatue Management had a busy first quarter. The technology-focused investor significantly cut back his fund s stakes in the big three cloud providers Amazon, Alphabet, and Microsoft, while completely exiting his position in Oracle.
Meanwhile, he was buying a pair of semiconductor infrastructure enablers. He boosted his stake in Taiwan Semiconductor Manufacturing Co. (NYSE: TSM), which is his top holding, while adding a new position in ASML Holding (NASDAQ: ASML). The moves are interesting, as Laffont is shifting focus from the companies buying and using the tech to the companies that facilitate it.
Will AI create the world s first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »