Billionaire Philippe Laffont Is Buying Up Netflix Stock. Should You?

Technology stocks have taken a beating lately, with many speculating how AI could wipe out whole industries. Whenever investment firms make a move in the tech sector, investors look for clues to determine which companies could not only survive but also thrive in a changing world. One such move was made last week by Coatue Management, a technology-focused investment firm led by Philippe Laffont. According to 13F filings, the firm added 5.5 million shares of Netflix (NFLX), dramatically increasing its holdin ...