Philippe Laffont Dumps AI Stocks
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Billionaire Philippe LaffontThe Motley Fool
•Billionaire Philippe Laffont Is Dumping Shares of Artificial Intelligence (AI) Leaders Nvidia and AMD in Favor of a Tasty Stock-Split Stock
77% Informative
Billionaire Philippe Laffont is dumping shares of two artificial intelligence (AI) leaders Nvidia and AMD in favor of a Tasty Stock-Split Stock.
The rise of artificial intelligence can add $15.7 trillion to the global economy by 2030 , PwC says.
The market hasn't been a game-changing technology in at least 30 years that's avoided an early stage bubble.
Shares of Chipotle Mexican Grill have soared 13,900% since its initial public offering price of $ 22 in January 2006 .
Chipotle is trading at an ultra-aggressive multiple of 47 times forward- year earnings.
In August , Starbucks announced that it was pilfering Chipotle 's now-former CEO Brian Niccol to become its new chief.
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