Billionaire Bets Big on Meta; BofA, QCOM Targets Up 11/16/25
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Hedge fund titan Philippe Laffont, known for his firm Coatue Management, has made a significant shift in his portfolio, now holding Meta Platforms, the parent company of Facebook and Instagram, as his largest position. This move comes after reportedly selling off some of his Nvidia shares, the leading AI chipmaker. Laffont’s decision highlights a growing interest in Meta as a key player in the artificial intelligence space, especially given its stock was previously down by 23% from its highs, potentially signaling a belief in its recovery and long-term AI potential. Investors will be watching if this billionaire’s bet on Meta translates into further upside for the social media giant.
Shifting gears to the financial sector, Bank of America, one of the largest U.S. banks, saw its price target upgraded following a strong third-quarter earnings beat. Freedom Capital Markets reiterated its Buy rating on the stock, boosting its price target to $59.50 from the previous $56.50. This positive outlook comes after the bank reported Q3 revenue of $28.1 billion, surpassing analyst expectations. The upgrade underscores analyst confidence in Bank of America’s performance and its position among top financial stocks, an opinion shared by billionaire investor Ken Fisher. This could signal continued strength for the banking sector heading into the new year.
And finally, in the semiconductor space, Qualcomm, the leading designer of chips for smartphones and wireless technology, also received a notable price target hike. Susquehanna analyst Christopher Rolland raised his price target on Qualcomm shares to $210, up from $200, while maintaining a Positive rating. This upgrade is driven by strong handset momentum, suggesting robust demand for Qualcomm’s technology in the smartphone market. For investors, this indicates that despite broader tech sector volatility, Qualcomm’s core business remains strong, with analysts expecting continued growth in its wireless and mobile segments.

Keywords: AI stock, BAC, Bank of America, Coatue Management, Freedom Capital Markets, Ken Fisher, META, Meta Platforms, NVDA, Nvidia, Philippe Laffont, Q3 earnings, QCOM, Qualcomm, Susquehanna, financial stocks, handset momentum, hedge fund, portfolio shift, price target, semiconductor, wireless technologyThe post Billionaire Bets Big on Meta; BofA, QCOM Targets Up 11/16/25 first appeared on Rapid Money Radio.

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