Billionaire Chase Coleman Sold 94% of His Fund's Stake in Uber and Is Loading Up on a Skyrocketing Stock Whose Addressable Market Can 11X by 2032

Core Insights - Tiger Global Management's Chase Coleman is significantly reducing his stake in Uber Technologies while increasing investment in Microsoft, indicating a strategic shift in focus towards companies with strong growth potential in emerging technologies [5][6][15]. Group 1: Uber Technologies - Coleman sold 2,446,700 shares of Uber, representing a 94% reduction from the fund's position at the end of 2024 [6]. - The selling activity may be attributed to profit-taking, as Uber's stock has effectively doubled since the third quarter of 2023 [8]. - Competitive pressures from Lyft, which has become profitable and is generating substantial cash flow, pose a risk to Uber's market share [9]. - The rise of robotaxis, with companies like Waymo and Tesla expanding their services, adds to the competitive landscape for Uber [10]. - Uber's valuation has increased from less than 2 times sales at the beginning of 2023 to nearly 4.3 times sales, raising concerns about its premium valuation amidst potential economic downturns [11][12]. Group 2: Microsoft - Coleman increased his stake in Microsoft by purchasing 896,700 shares, a 17% increase since the end of 2024 [15]. - Microsoft is benefiting from its cloud computing and AI initiatives, with Azure being the world's second-largest cloud infrastructure service platform [16]. - The global addressable market for quantum computing is projected to grow from $1.16 billion in 2024 to $12.62 billion by 2032, positioning Microsoft as a key player in this emerging field [19]. - Microsoft has developed a quantum processing unit, Majorana 1, integrated with its Azure Quantum platform, allowing businesses to run quantum algorithms [20]. - The company has a strong cash flow generation capability, with nearly $80 billion in cash and equivalents, enabling it to invest in innovative technologies [22].