Billionaire Philippe Laffont Sold 77% of Coatue's Stake in Nvidia in 2024 in Favor of a Polarizing Artificial Intelligence (AI) Stock That's Up 6,700% Since Its IPO
Coatue Management's billionaire chief has been dumping Nvidia stock for a volatile AI infrastructure company that's capable of sustained annual sales growth of 50% (or greater).
The amount of data at investors' fingertips can sometimes feel overwhelming. Between a steady stream of economic data releases and earnings season -- the six-week period each quarter where most S&P 500 (SNPINDEX: ^GSPC) companies report their operating results -- it can be easy for something important to fall through the cracks.
Case in point: While some folks were focused on making their significant other feel special on Valentine's Day, institutional investors were spilling the beans on their trading activity during the December-ended quarter.
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