Reported 2 days ago
Billionaire Philippe Laffont has significantly reduced his investment in Nvidia by 80%, selling off almost 40 million shares, and has instead invested heavily in Alibaba, increasing his stake by 895%. While Nvidia continues to dominate the AI chip market, concerns about competition and insider selling have influenced Laffont's decisions. Alibaba, with its strong e-commerce presence and leading cloud infrastructure, offers promising long-term growth, making it a now more attractive investment in the AI sector.
Source: YAHOO