Philippe Laffont
Coatue Management
A tech-growth heavyweight running ~$22.7B whose top-10 holdings are nearly all AI-influenced. He recently trimmed Nvidia and Meta and added names like Netflix — rotating from hardware toward AI-benefiting application leaders.
Investment thesis
Laffont has long focused on large-cap tech growth and the AI mega-trend, a representative of backing the winners.
He sold down Nvidia, exited CoreWeave, and shifted toward applications and platforms with AI-driven demand and clearer monetization.
Sources: Motley Fool — Laffont’s new No.1 AI stock after selling Nvidia/Meta · CNBC — Laffont explains his biggest AI trade
Related themes
Compute & AI Chips
4 namesThe “pick-and-shovel” layer of the AI boom. Training and inference demand drives GPU/accelerator sales — the clearest cash flows today, but also the most crowded and richly valued.
AI Applications & Platforms
2 namesThe layer that turns models into products and revenue: search, ads, productivity, vertical SaaS. Winners are decided by distribution and data, not raw compute.
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