Billionaire Philipe Laffont Just Sold Coatue Management's Stake in Super Micro Computer and Piled Into Another Artificial Intelligence (AI) Giant Up Over 336,000% Since Its IPO

In the 1990s, an elite group of investors worked for a tech-focused hedge fund called Tiger Management, led by the legendary investor Julian Robertson. Not only did Robertson mentor this group of investors, but he would go on to seed many of their future hedge funds as the talented group, referred to as the Tiger Cubs, went on to become great investors in their own right.Philippe Laffont, the founder of Coatue Management, is part of this group, and is now viewed as one of the great tech investors of the modern era. Coatue Management's equity holdings were valued at roughly $35 billion at the end of the second quarter. That's why investors are always paying attention to which stocks Coatue is buying and selling.In the second quarter, the fund sold its stake in Super Micro Computer (NASDAQ: SMCI) and piled into another artificial intelligence (AI) giant that generated a total return over 336,000% since its initial public offering.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool