Billionaire Philippe Laffont reduces Nvidia stake by 15% and invests in CoreWeave, an AI stock up 300%.

From Nasdaq: 2025-06-28 03:04:00

Nvidia (NASDAQ: NVDA) is a key player in the AI industry, with a median target price of $175 per share, indicating a 13% upside potential. Hedge fund manager Philippe Laffont reduced his stake in Nvidia by 15% but invested in CoreWeave (NASDAQ: CRWV), an AI stock that has surged 300% since its IPO.

Nvidia’s strong Q1 results saw a 69% increase in sales to $44 billion, driven by high demand for AI infrastructure solutions. The company’s leadership in data center GPUs and growing networking and cloud services businesses position it for continued growth. Analysts expect Nvidia’s adjusted earnings to rise 40% annually through 2027.

Although Laffont sold Nvidia shares, it remains a significant holding for him. Nvidia’s stock has seen significant growth, prompting profit-taking. Laffont’s confidence in the company remains, with Nvidia being his eighth-largest holding. Nvidia’s diverse presence in the AI economy makes it a strategic investment for the future.

CoreWeave, a provider of AI infrastructure and software services, reported a 420% revenue increase in Q1 to $981 million. The company’s focus on efficient GPU cluster management and notable clientele like IBM and Microsoft position it for growth in the AI infrastructure market. Laffont’s investment in CoreWeave at its IPO has since quadrupled in value, leading to a high valuation at 29 times sales.

Investors considering Nvidia should weigh the potential for strong returns against other stock options. The Motley Fool’s Stock Advisor team has identified 10 top stocks, excluding Nvidia, with significant growth potential. Joining Stock Advisor could provide insights into high-performing stocks with market-beating returns.

Randi Zuckerberg, former Facebook executive and sister of Meta Platforms CEO Mark Zuckerberg, serves on The Motley Fool’s board of directors. Trevor Jennewine, a Motley Fool contributor, holds positions in Nvidia. The Motley Fool has positions in major tech companies and recommends specific options. Consider all factors before making investment decisions.



Read more at Nasdaq: Billionaire Philippe Laffont Sells Nvidia Stock and Buys an AI Stock Up 300% in 2025