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Coatue Management Shifts Focus from Super Micro Computer to Intuitive Surgical
Coatue Management Shifts Focus from Super Micro Computer to Intuitive Surgical
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BTCCSquare news:
Philippe Laffont's Coatue Management, a $35 billion technology-focused hedge fund, has exited its position in Super Micro Computer after a controversial entry earlier this year. The fund sold its entire stake in the data center server manufacturer by the end of June.
Simultaneously, Coatue acquired 39,512 shares of Intuitive Surgical, the robotic surgery pioneer behind the da Vinci system. Despite the stock's recent downturn, Laffont appears bullish on its long-term prospects. Intuitive Surgical has delivered staggering returns of 19,390% since its IPO 25 years ago, fueled by FDA clearances and technological dominance in minimally invasive surgery.
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