Coatue Management Buys Constellation Energy
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hedge fund Coatue ManagementThe Motley Fool
•Billionaire Philippe Laffont Just Increased His Position by 139% in This Data Center Opportunity (Hint: It's Not Nvidia)
73% Informative
The hedge fund Coatue Management purchased 2.9 million shares of Constellation Energy during the second quarter .
The company specializes in nuclear power, which is widely seen as a superior alternative to traditional sources of powering data centers.
While it may appear a little pricey right now, Coatue 's investment is a savvy move.
The Motley Fool recommends Dominion Energy , Microsoft , and Nvidia .
In this article, we highlight a potential data-storage opportunity for Nvidia .
We also highlight the opportunity for Microsoft and Dominion Energy in our list of companies covered by the Motley Motives' Motives: Dominion Energy .
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