Billionaire Philippe Laffont Just Raised Coatue's Stake in This Artificial Intelligence (AI) Semiconductor Stock by 52% (Hint: It's Not Nvidia)

Philippe Laffont's hedge fund trimmed its stake in Nvidia last quarter and swapped it for an under-the-radar AI chip opportunity.On Nov. 30, 2022, a start-up called OpenAI changed the world following the introduction of its large language model (LLM), ChatGPT. In the two years since ChatGPT's debut, the S&P 500 and Nasdaq Composite have posted total returns of 52% and 70%, respectively.One of the biggest winners in the AI revolution is semiconductor stock Nvidia, which has gained an eye-popping 717% since t ...