Key Points
- Billionaire Philippe Laffont sold nearly 8.9 million shares of Supermicro (NASDAQ: SMCI) in Q2 2024, valued at over $303 million as of March.
- Coatue Management increased its stake in Nvidia (NASDAQ: NVDA) by 34% during the same period, marking a significant buy after selling shares for two years.
During the quarterly filing deadline on August 14, institutional investors with over $100 million in assets reported their holdings. Laffont’s sale of Supermicro comes after a profit-taking strategy, as shares rose from below $20 to between $40 and $50. However, concerns lingered over past allegations of fraud and competitive pressures in the AI data center market.
Conversely, Laffont’s purchase of 2,942,694 shares in Nvidia indicates confidence in its dominance in the AI GPU space, especially following a market dip in Q1 2024. Despite Nvidia’s leadership, challenges such as competitive pressures and historical trends of tech bubbles remain pertinent considerations for investors.
