Tiger Cub hedge fund Coatue unveils a big stake in popular AI startup IPO

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

Tiger Cub hedge fund Coatue unveils a big stake in popular AI startup IPO

Philippe Laffont’s Coatue Management took a sizable stake in Nvidia-backed artificial intelligence infrastructure provider CoreWeave amid the first’s highly anticipated March initial public offering. The hedge fund unveiled a $534 million holding in CoreWeave, which in late March had the biggest venture-backed tech IPO for a U.S. company since 2021. On Wednesday, the AI firm reported better-than-expected revenue in the company’s first earnings release since going public. CoreWeave also called for faster growth than expected for this year. Laffont, one of the so-called Tiger Cubs who previously worked under the late Julian Robertson at Tiger Management, owned a slew of stocks tied to the AI ***** that’s been driving the stock market over the past year. Coatue’s top holdings included some of the so-called Magnificent Seven stocks such as Meta Platforms ,

This is the hidden content, please

• Sign In
• or
• Sign Up

,

This is the hidden content, please

• Sign In
• or
• Sign Up

and Nvidia, while the hedge fund also had a significant stake in Taiwan Semiconductor. Also during the first quarter, the hedge fund built smaller stakes in Carvana , Skyworks Solutions , Pinterest , Tempus AI and Astera Labs .

This is the hidden content, please

• Sign In
• or
• Sign Up

#Tiger #Cub #hedge #fund #Coatue #unveils #big #stake #popular #startup #IPO

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up