Billionaire Philippe Laffont Shifts AI Investments Away from Nvidia to Undisclosed Stock

Philippe Laffont, the billionaire founder of Coatue Management, has sold shares of Nvidia for eight consecutive quarters, signaling a strategic pivot in his artificial intelligence (AI) investments. The move comes as institutional investors file their mandatory 13F disclosures, offering a rare glimpse into the portfolios of Wall Street's top money managers.

Laffont, known for his early bets on AI, appears to be reallocating capital toward an undisclosed historically cheap AI stock. The shift underscores the dynamic nature of the AI sector, where valuations and competitive landscapes evolve rapidly. Nvidia's dominance in AI chips hasn't deterred Laffont from seeking value elsewhere.

Today's 13F filings reveal broader trends in institutional positioning. While Warren Buffett remains the most watched investor, others like Laffont are making equally consequential moves. The filings provide critical insights into how smart money is navigating the AI revolution beyond the usual suspects.