Billionaire Philippe Laffont Just Loaded Up on My Favorite Artificial Intelligence (AI) Stock
The latest round of 13F filings is out, which means investors can see what billionaire hedge fund managers have been doing with their money. One firm I follow is Coatue Management, run by billionaire Philippe Laffont. In the fourth quarter, his firm bought 596,000 shares of one of my favorite artificial intelligence (AI) stocks: Taiwan Semiconductor Manufacturing (NYSE: TSM). That equates to around $120 million worth of TSMC stock, which is no small purchase. After Q4's buys, Taiwan Semi is now Coatue's third-largest position, totaling nearly $2 billion. This is a big bet on the stock, but it will likely pay off if TSMC's management's predictions come true.Taiwan Semiconductor is the world's largest contract chip manufacturer. This means it takes chip designs from its clients and produces them on their behalf. This arrangement is great for all involved, as companies like Nvidia and Apple don't need to worry about the ins and outs of chip manufacturing (a very difficult and capital-intensive process). Instead, they can focus on designing the best chip possible and leave the manufacturing work to Taiwan Semi.Continue reading
The latest round of 13F filings is out, which means investors can see what billionaire hedge fund managers have been doing with their money. One firm I follow is Coatue Management, run by billionaire Philippe Laffont. In the fourth quarter, his firm bought 596,000 shares of one of my favorite artificial intelligence (AI) stocks: Taiwan Semiconductor Manufacturing (NYSE: TSM). That equates to around $120 million worth of TSMC stock, which is no small purchase.
After Q4's buys, Taiwan Semi is now Coatue's third-largest position, totaling nearly $2 billion. This is a big bet on the stock, but it will likely pay off if TSMC's management's predictions come true.
Taiwan Semiconductor is the world's largest contract chip manufacturer. This means it takes chip designs from its clients and produces them on their behalf. This arrangement is great for all involved, as companies like Nvidia and Apple don't need to worry about the ins and outs of chip manufacturing (a very difficult and capital-intensive process). Instead, they can focus on designing the best chip possible and leave the manufacturing work to Taiwan Semi.
