Reported 26 days ago
Billionaire Philippe Laffont of Coatue Management is significantly divesting from Nvidia and Palantir, selling 72% of his Nvidia shares and completely exiting Palantir, despite their prominence in the AI sector. Instead, he is heavily investing in Taiwan Semiconductor Manufacturing, increasing his stake by over 3,500% this year. This shift highlights a strategic move towards more stable and diversified investments amid concerns of potential market corrections and competition in the AI space.
Source: YAHOO