Billionaire Philippe Laffont Sells Nvidia Stock and Buys an AI Stock Up 300% in 2025

Nvidia (NASDAQ: NVDA) is the cornerstone of the artificial intelligence (AI) boom, and Wall Street has a great deal of conviction in the semiconductor company. Among 65 analysts, the median target price is $175 per share. That implies 13% upside from its current share price of $155.Yet hedge fund manager Philippe Laffont of Coatue Management sold 1.4 million shares of Nvidia in the first quarter, reducing his stake by 15%. Meanwhile, the billionaire purchased 14.4 million shares of CoreWeave (NASDAQ: CRWV), an AI stock that has returned 300% since its IPO on March 28.Here's what investors should know about Nvidia and CoreWeave.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool