Billionaire Philippe Laffont Sells Super Micro Stock and Buys an AI Stock That Could Soar 100%

Billionaire Philippe Laffont runs Coatue Management, a hedge fund that beat the S&P 500(SNPINDEX: ^GSPC) by 40 percentage points in the last three years. In the second quarter, Laffont added shares of CoreWeave (NASDAQ: CRWV), making it his largest position. He also sold his entire stake in Super Micro Computer (NASDAQ: SMCI).In general, Wall Street is more bullish on CoreWeave. The median target price of $157.50 per share implies 59% upside from the current share price of $99. Meanwhile, Super Micro has a median target price of $46.50 per share, which implies 16% upside from its current price of $40.Jim Kelleher at Argus Research is particularly bullish on CoreWeave. He recently reiterated his target of $200 per share, which implies 100% upside. By comparison, the highest target on Super Micro is $63 per share, which implies 57% upside.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool