Billionaire Philippe Laffont Sells Nvidia Stock and Buys a BlackRock ETF That Could Soar 20,300%

Group 1: Nvidia - Philippe Laffont reduced his stake in Nvidia by selling 1.6 million shares, a 14% decrease, while still holding 4.5% of his portfolio in the company [2][6] - Nvidia is a leader in AI infrastructure, with its GPUs being the industry standard for accelerating AI workloads in data centers [3] - The company is expected to maintain its dominant position as AI evolves from generative to physical applications, providing necessary hardware and software [4][5] - Wall Street anticipates Nvidia's earnings to grow at an annual rate of 37% over the next three years, making its current valuation of 44 times earnings appear reasonable [6] Group 2: iShares Bitcoin Trust - Philippe Laffont increased his investment in BlackRock's iShares Bitcoin Trust by purchasing 76,000 shares [2] - The investment thesis for Bitcoin is based on its fixed supply of 21 million coins, which is expected to drive price increases as demand grows [8] - Institutional interest in Bitcoin is rising, with a 150% increase in large asset managers holding positions in the iShares Bitcoin Trust between Q3 2024 and Q3 2025 [9]