Billionaire Philippe Laffont Dumped His Stake in a Consumer Favorite That's Risen 5,500% Since Its IPO in Favor of an Artificial Intelligence (AI) Stock-Split Stock

Coatue Management's Philippe Laffont is making some eyebrow-raising moves with his nearly $30 billion hedge fund.Wall Street is a data-dominated landscape, and it can be easy for investors to allow this overabundance of data to cause them to miss something important.For example, Feb. 14 represented a day where most Americans went the extra mile to ensure their significant other knew they were special. But for institutional investors with at least $100 million in assets under management (AUM), Valentine's Da ...