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Coatue Management Exits Super Micro Computer, Shifts to High-Growth AI Play
Coatue Management Exits Super Micro Computer, Shifts to High-Growth AI Play
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BTCCSquare news:
Philippe Laffont's Coatue Management, a $35 billion tech-focused hedge fund, made a decisive pivot in Q2 by liquidating its position in Super Micro Computer (SMCI) and allocating capital to an undisclosed artificial intelligence stock with a 336,000% return since IPO. The MOVE follows Hindenburg Research's August 2024 short report alleging accounting irregularities at SMCI, which has seen extreme volatility as both AI infrastructure play and short-seller target.
The Tiger Cub alumnus continues his legacy of prescient tech bets, though the new AI position remains unnamed. Market observers note the trade exemplifies hedge funds' accelerating rotation into foundational AI technologies, even at stratospheric valuations.
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