Billionaire Philippe Laffont Sold CoreWeave and Bought This Artificial Intelligence (AI) Stock Instead
Philippe Laffont shifts investment focus from CoreWeave to Applied Materials.
Billionaire investor Philippe Laffont has sold his significant stake in CoreWeave, a cloud computing company specializing in AI data centers, and instead increased his investment in Applied Materials, the leading provider of wafer fabrication equipment. This shift comes as CoreWeave's stock has plummeted nearly 50% since October 2025, while Applied Materials is poised for growth amid rising demand for chip manufacturing.
Key Takeaways
- 1.
CoreWeave's stock price has dropped nearly 50% since October 2025.
- 2.
Laffont's hedge fund Coatue Management nearly doubled its stake in Applied Materials.
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