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Markets · Investing · Business
Finance
This Billionaire Tech Investor Is Betting Big on SpaceX and Chip Stocks
Philippe Laffont aggressively added to his positions in semiconductor stocks in the second quarter.
Billionaire tech investor Philippe Laffont of Coatue Management was busy adding stocks to his portfolio in the second quarter. According to the 13F form filed on Aug. 14, the largest new addition was Space Exploration Technologies(NASDAQ: SPCX), although that likely stemmed from pre-IPO investments. Meanwhile, he aggressively bought a few semiconductor stocks in the quarter, including Micron(NASDAQ: MU), Cerebras(NASDAQ: CBRS), and Intel(NASDAQ: INTC).
Investing alongside billionaire investors can sometimes be a smart strategy, but should retail investors follow Laffont into those stocks?
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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