Coatue's Billionaire Philippe Laffont Exits Supermicro, Piles into AI Giant for First Time in 9 Quarters

Philippe Laffont, billionaire and CEO of Coatue Management, sold nearly 9 million shares of Super Micro Computer in Q2 and exited the company's stock entirely. Meanwhile, Laffont increased his stake in Nvidia, an artificial intelligence (AI) company, by 34% in just three months. The sale of Super Micro Computer shares may be due to profit-taking, but it is also possible that Laffont is shifting his focus to AI-related investments.