Billionaire Philippe Laffont Sells a Popular AI Stock and Buys the S&P 500's Worst Stock. Does He Know Something Wall Street Doesn't?

Billionaire Philippe Laffont is the founder and portfolio manager at Coatue Management, a hedge fund that nearly tripled the returns of the S&P 500 (SNPINDEX: ^GSPC) in the last three years. That makes him a good role model for individual investors.Laffont made some interesting trades during the second quarter. He sold 76,900 shares of Meta Platforms (NASDAQ: META), a popular artificial intelligence stock that has beat the S&P 500 by 16 percentage points this year. He also added 998,900 shares of The Trade Desk (NASDAQ: TTD), the worst-performing stock in the S&P 500 year to date.Does Laffont know something Wall Street doesn't?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool