Billionaire Philippe Laffont sells Nvidia and invests in CoreWeave, a Nvidia-backed company

From Nasdaq: 2025-05-24 04:10:00

The AI market is predicted to exceed $2 trillion by the early 2030s, with technology giants like Meta and Alphabet investing billions in AI projects. Billionaire Philippe Laffont, founder of Coatue Management, recently sold shares of Nvidia and other AI giants while adding a significant position in Nvidia-backed CoreWeave, a company whose stock surged over 160%.

Laffont, a tech investor with a background in computer science, made strategic moves in the first quarter, selling portions of his Nvidia and Advanced Micro Devices holdings while increasing his position in CoreWeave. CoreWeave, a young AI company with ties to Nvidia, reported a 420% revenue increase in the recent quarter, but also carries significant debt and forecasts high capital spending.

Investors seeking the next big AI growth story may consider CoreWeave, a player in the GPU market with strong ties to Nvidia. While established AI giants like Nvidia, AMD, and Alphabet provide stability, aggressive investors may find potential upside in CoreWeave. The Motley Fool Stock Advisor team recommends 10 stocks for investment, excluding CoreWeave, that could deliver significant returns in the future.



Read more at Nasdaq: Billionaire Philippe Laffont Just Sold Shares of Nvidia and 2 Other AI Powerhouses and Bought Shares of This Nvidia-Backed Company