Meet the AI Stock That's Greatly Outperformed Every Member of the "Magnificent Seven" This Year and Billionaire Philippe Laffont is Buying Hand Over Fist
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The S&P 500 (SNPINDEX: ^GSPC) roared higher over the past couple of years, and though many stocks contributed, one particular group is seen as the leader of that movement. I'm talking about the "Magnificent Seven," a group of supercharged tech stocks that dominate in the world's highest-growth industries, from artificial intelligence (AI) and cloud computing to autonomous vehicle technologies. These players have seen both revenue and their stock prices soar thanks to their innovation and leadership.But one particular stock just showed the world you don't have to be a member of this elite group to deliver fantastic returns to investors, and it hasn't escaped the attention of a certain billionaire: Philippe Laffont of Coatue Management saw the stock's potential early on, buying shares of this company hand over first in the first quarter. Let's meet this AI stock that's greatly outperformed every member of the Magnificent Seven so far this year.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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