Nvidia is 188% higher this year, but has fallen recently amid fears the stock has run up too far, too fast.
Coatue Management's Philippe Laffont trimmed his exposure to top holding Nvidia in the second quarter, while raising his bet on Microsoft, according to the firm's latest 13F regulatory filing to the U.S. Securities and Exchange Commission. Laffont, a so-called Tiger Cub for previously working under Julian Robertson at Tiger Management, showed in a Monday filing that Coatue trimmed its stake in Nvidia 6.7%.
Instead, Coatue raised the size of its position in its No. 2 holding, Microsoft, another key AI beneficiary. The hedge fund raised its exposure to the mega-cap roughly 67%. Microsoft is up 34% this year but has dropped about 4% this quarter. Additionally, Laffont more than doubled his stake in Amazon, another one of his top 10 holdings. Electric vehicle play Separately, Laffont raised his bets on the future of electric vehicles.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Why I leave Nvidia's game-changing tech off in most games | Digital TrendsNvidia's DLSS 3 is remarkably impressive, but now that we've seen it show up in more games, I leave it off more often than I turn it on.
Consulte Mais informação »
Stock screen spotlights 20 companies whose 2024 earnings estimates have risen most sharplyThe list with soaring profit expectations for next year includes Nvidia, Caterpillar and Meta.
Consulte Mais informação »
Alaska pilot, hunter are presumed dead in plane crash at Denali National Park and PreservePilot Jason Tucker of Wasilla and hunter Nicolas Blace of Chugiak were on board a Super Cub when it crashed Wednesday in a ravine in Denali’s southwest preserve. Both are presumed dead, and officials say challenging terrain is complicating recovery.
Consulte Mais informação »
MSI Has Built A Potent Gaming Laptop With Mercedes-AMG Motorsport | CarscoopsMSI's new gaming laptop tops out at a cool $2,969 and has a Nvidia GeForce RTX 4070 graphics card car auto cars
Consulte Mais informação »
Buffett disciple Guy Spier names the only chip stock he owns — and explains why he avoids NvidiaShares of Nvidia have skyrocketed 190% this year on the optimism surrounding artificial intelligence. But it's 'buyer beware,' Spier tells CNBC Pro Talks.
Consulte Mais informação »
Breakingviews - Arm IPO depends on more than Big Tech supportArm is phoning Big Tech friends for help with its initial public offering. The UK-based chip designer may sell shares to large customers such as Nvidia , Apple and Amazon.com as part of a U.S. listing that could raise up to $10 billion. Yet such high-profile support may be not as decisive as it seems.
Consulte Mais informação »