From Nasdaq: 2024-11-19 05:06:00

One of the most critical data releases in the fourth quarter was the filing of Form 13F by institutional investors with at least $100 million in assets. This filing reveals which stocks top money managers bought and sold in the latest quarter, offering valuable insights into market trends and sentiment, including in the AI sector.

Coatue Management’s Philippe Laffont, known for his successful tech investments, reduced his stake in Nvidia by 80% in the past 18 months. Despite Nvidia’s dominance in AI chips, Laffont has been selling off shares and shifting focus to other AI stocks, indicating potential concerns about competition and insider selling within Nvidia.

Laffont’s fund significantly increased its position in Alibaba by 895%, showing confidence in the leading Chinese e-commerce platform’s growth potential. With Alibaba’s strong presence in China’s online retail market and its Cloud Intelligence Group, the company is well-positioned for long-term success and profitability, making it an attractive investment opportunity.

Alibaba’s robust financial position, coupled with its focus on innovation and capital return programs, makes it an appealing investment for Laffont and other investors. With a net-cash position exceeding $57 billion and a low valuation compared to its AI peers, Alibaba offers growth potential and value for investors seeking exposure to the thriving Chinese e-commerce and cloud infrastructure markets.



Read more at Nasdaq: Billionaire Philippe Laffont Sold 80% of Coatue’s Stake in Nvidia and Is Piling Into This Historically Cheap Artificial Intelligence (AI) Stock Instead