Taiwan Semiconductor (TSM) is positioned as one of Coatue’s largest holdings at 6.56% of the portfolio after a 6.9% position increase, as it manufactures the most advanced chips globally for all major AI accelerators and has surged 140% over the past year.
Microsoft (MSFT) now represents approximately 6.25% of the portfolio after an 11.4% addition, capitalizing on its position as one of the world’s largest deployers of AI infrastructure through Azure and OpenAI partnership.
Applied Materials (AMAT) received a more aggressive 79% position increase to 3.85% of the portfolio, with Q1 earnings showing a 7.84% EPS beat to $2.38, record DRAM revenue of 34% of semiconductor systems revenue, and free cash flow expansion of 91.18% year over year.
The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE.
Philippe Laffont built Coatue Management by spotting major technology shifts early and betting on them with size. His fund has consistently leaned into the biggest platform changes in tech, from cloud computing to mobile. Now, Coatue is making one of its clearest bets yet.
The firm has recently added to positions worth billions in Taiwan Semiconductor Manufacturing (NYSE:TSM), Microsoft (NASDAQ:MSFT), and Applied Materials (NASDAQ:AMAT) and GE Vernova (NYSE:GEV). These companies sit at the center of the AI buildout. Each plays a different role across the stack, from manufacturing advanced chips to supplying the tools that make them, to deploying that compute at scale through the cloud. Artificial intelligence is shaping up to be a multi-year capital cycle, and Coatue is increasing exposure across the ecosystem. The bet is simple: the companies building and enabling this infrastructure will capture a disproportionate share of the value created.
The analyst who called NVIDIA in 2010 just named his top 10 stocks. Get them here FREE.
Taiwan Semiconductor sits at the center of the global AI supply chain. The company manufactures the most advanced chips in the world, and every major AI accelerator, from NVIDIA GPUs to custom silicon from hyperscalers, depends on its fabs. Coatue increased its position by about 6.9% last quarter, bringing Taiwan Semiconductor to roughly 6.56% of the portfolio, making it one of the fund’s largest holdings. This is a continued build into a core position, which signals conviction as demand for AI chips continues to accelerate.
The business is delivering on that demand. The stock has surged over 140% in the past year as the market recognizes that AI chip demand is not a short-term cycle but a multi-year expansion. For Coatue, owning the bottleneck in semiconductor production remains one of the clearest ways to capture value from the AI buildout.
