Why This Billionaire Investor Just Dumped AMD for Arm Holdings Stock

TLDR Philippe Laffont’s Coatue Management has sold 89% of its AMD position while establishing a new stake in Arm Holdings Laffont projects Arm Holdings could reach a $787 billion market cap by 2030, representing a 340% increase from current levels Arm Holdings stock jumped 11% after announcing a partnership with OpenAI to develop custom data [...]

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