Billionaire Philippe Laffont sold Nvidia, AMD and invested heavily in two companies dominating a market that may reach beyond $100 billion; which are the stocks?
Philippe Laffont, known for his innovative technology investment portfolio has recently reduced his holdings in two AI chip giants, Nvidia and AMD, as per reports. Find out where he is now investing.
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A boom in the drug market
Laffont turned his attention to the booming weight loss drug sector, according to The Motley Fool report.
By cutting his investments in Nvidia and AMD, he boosted his investments in Eli Lilly and Novo Nordisk. These two pharmaceutical companies are currently dominating the weight loss drug market
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Diversifying investments
Laffont increased his position in Lilly by more than 19% and now holds 247,950 shares, as per the report. He also increased his position in Novo Nordisk by more than 800% and now owns 326,363 shares, the report added.
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