Billionaire Philippe Laffont Has Sold Shares of Nvidia in 12 of the Last 13 Quarters -- What Does He Know That Wall Street Doesn't?

Billionaire investor Philippe Laffont of Coatue Management has reduced his Nvidia stake by approximately 88% since Q1 2023, selling in 12 of the last 13 quarters. While profit-taking explains some of the selling, the article suggests deeper concerns including increased competition from major customers developing their own AI chips and historical patterns showing game-changing technologies typically experience bubble-bursting events.