From Nasdaq: 2024-11-22 04:02:00

The “Magnificent Seven” stocks, closely tied to technology and AI, have outperformed the S&P 500, attracting billionaire investors like Philippe Laffont. Laffont, with a tech-centric hedge fund, made strategic moves in the third quarter, selling Nvidia shares but increasing stakes in Tesla, Alphabet, Amazon, and Microsoft.

Laffont’s focus on tech paradigm shifts has paid off, with his portfolio consisting of 31% Magnificent Seven stocks. Despite selling Nvidia shares, their value remains high. Laffont also trimmed Meta Platforms holdings. Nvidia and Meta have seen significant growth, part of the AI elite.

Laffont’s recent investments in Tesla, Alphabet, Amazon, and Microsoft reflect his confidence in AI’s future. These companies, part of the Magnificent Seven, are poised for success in the rapidly evolving AI market. Laffont’s portfolio adjustments reflect his belief in winners continuing to win in the tech sector.

Investors may consider following Laffont’s lead in investing in AI-focused companies like Tesla, Alphabet, Amazon, and Microsoft. These stocks have strong growth potential in the AI market. Laffont’s strategic moves in the third quarter highlight the importance of AI in shaping the future of tech investments.



Read more at Nasdaq: Billionaire Philippe Laffont Sold Millions of Shares of Nvidia and Meta Platforms and Is Piling Into 4 Other “Magnificent Seven” Stocks Instead