Philippe Laffont’s Top Five Tech Picks Form a Closed AI Infrastructure Loop

Industry
โดย 24/7 Wall St.·Read original
Summary · why it matters

Billionaire investor Philippe Laffont’s Coatue Management has concentrated its largest long positions on five US-listed stocks that together form a closed AI infrastructure loop spanning power, fabrication, tools, and custom silicon. The holdings, disclosed in a 13F filing as of March 31, 2026, include GE Vernova, Broadcom, Taiwan Semiconductor Manufacturing, Lam Research, and Applied Materials. GE Vernova booked $18.30 billion in orders in Q1 2026, up 71% organically, with $2.4 billion in data center equipment orders alone. Broadcom guided Q3 AI semiconductor revenue to $16 billion, up over 200% year-over-year, while Taiwan Semiconductor guided full-year 2026 revenue growth slightly above 40% and posted Q2 revenue of $40.20 billion. Lam Research delivered record revenue of $5.84 billion in its fiscal Q3, and Applied Materials posted record quarterly performance with $7.91 billion in revenue and expects its semiconductor equipment business to grow more than 30% in calendar 2026. Four of the five stocks are rated BUY by the article’s model, with GE Vernova cooling to HOLD after a 58.84% year-to-date run.

Impact on stocks 7

Semiconductors▲ · 3 stocks
Applied Materials Inc
AMAT
▲ PositiveDemandrelevance

Record quarterly revenue and expects semiconductor equipment business to grow >30% in 2026, driven by AI infrastructure demand.

Lam Research Corp
LRCX
▲ PositiveDemandrelevance

Record revenue of $5.84B in fiscal Q3, driven by AI-related semiconductor equipment demand.

Artificial Intelligence▲ · 3 stocks
Broadcom Inc
AVGO
▲ PositiveDemandrelevance

Guided Q3 AI semiconductor revenue to $16B, up >200% YoY, reflecting strong AI chip demand.

Energy Transition & Power Demand▲ · 1 stocks
GE Vernova LLC
GEV
▲ PositiveDemandrelevance

Booked $18.30B in orders in Q1 2026, up 71% organically, with $2.4B in data center equipment orders.

Theme Impact 10

Related news

▲

Tigress Financial Raises Intel Price Target to $145 on Terafab Partnership

Tigress Financial reiterated its Buy rating on Intel and raised its price target to $145 from $118 on September 15, citing the company's Terafab partnership with companies associated with Elon Musk, including SpaceX, Tesla, and xAI, as a strategic boost to its AI foundry ambitions. The initiative is part of an ambitious semiconductor manufacturing project focused on producing advanced chips for artificial intelligence, robotics, autonomous vehicles, and other compute-intensive applications. Intel said in its second-quarter earnings report that it remains well positioned to pursue sustainable growth through advanced packaging and its wafer foundry network, pointing to momentum in Physical AI and robotics with more than 130 customers testing its Core Ultra Series 3 and Core Series 3 processors for edge AI and robotics applications. The partnership's commercial terms, production volumes, and potential revenue contribution have not been fully disclosed, and the principal risk is that it could strengthen Intel's strategic position in foundry manufacturing without generating meaningful financial returns for several years. According to the Insider Monkey database, 138 hedge funds held stakes in Intel at the end of the second quarter, up from 112 funds in the first quarter, with SoftBank Group Corp. and Coatue Management among the notable institutional holders at approximately $12.14 billion and $1.68 billion, respectively, while roughly 152.25 million Intel shares were sold short as of August 31, representing about 3.02% of the public float.
INTC ▲
Semiconductors ▲Artificial Intelligence Robotics & Physical AI
Insider Monkey·5hRead more →
▲2impact 4

Cramer Says Broadcom Has More Orders Than Almost Anyone But NVIDIA

Jim Cramer said Broadcom CEO Hock Tan told him demand for AI compute infrastructure remains extremely strong and durable, with the custom chip designer holding more orders than almost anybody other than Jensen Huang. Cramer's remarks on CNBC center on whether Broadcom can keep capturing custom AI chip orders, and the third quarter earnings released on September 2nd support the growth narrative, with revenue up 86%, AI semiconductor revenue up 221%, and fiscal year 2026 guidance implying 186% annual AI revenue growth. Tan reaffirmed that Broadcom could pull in $115 billion in annual AI chip sales in 2027 and $230 billion in 2028. Still, the fiscal fourth quarter guide left investors wanting more, with $34.8 billion in revenue missing analyst estimates of $35.03 billion and gross margin guided at 73%, a five point annual drop due to a higher mix of XPU sales. Estimates suggest 71% of Broadcom's fiscal 2027 and 2028 XPU deployment could rely on OpenAI and Anthropic, meaning a huge portion of orders might come from firms now calling for a slowdown in AI development. In Q2, 170 out of the 1,006 funds tracked by Insider Monkey held a stake in Broadcom, a slight drop from 163 out of 1,022 funds in Q1, with notable exits including Third Point and Two Sigma Advisors, and the stock trades at a forward P/E ratio of 18 versus NVIDIA's 23.42.
AVGONVDA
Artificial Intelligence ▲Semiconductors ▲
Insider Monkey·14hRead more →
8

Intel and SK Hynix Explore US Memory Chip Partnership as Shares Surge

Intel and SK Hynix are exploring partnership opportunities to manufacture memory chips in the United States, reportedly centered on Intel's long-delayed Ohio manufacturing complex, with possibilities ranging from SK Hynix leasing capacity to a broader joint venture involving cloud companies. No formal partnership has been announced, and SK Hynix stressed that no specific plans or arrangements have been finalized. Since reports of the potential partnership surfaced Wednesday, Intel shares have surged roughly 10%, while SK Hynix has climbed about 5%; SK Hynix stock has risen 20% since its U.S. Nasdaq debut in July, while Intel is up about 4% over the same period. Intel's turnaround is gaining traction independently, with Q2 revenue jumping 25% year over year to $16.1 billion, Data Center and AI revenue surging 59% to $6.3 billion, Intel Foundry revenue up 31%, and management guiding Q3 sales to $15.8-$16.8 billion, while the Zacks Consensus calls for fiscal 2026 revenue to rise nearly 18% and FY26 EPS to soar to $1.50 from $0.42 per share last year. SK Hynix reported record Q2 performance amid robust AI demand, began mass shipments of HBM4 with production expected to ramp through the second half of the year, and shipped samples of HBM4E, while the Zacks Consensus Estimate calls for FY26 revenue to soar over 250% to $240.09 billion and EPS to jump more than 500% to $25.69. Despite its AI-memory leadership, SK Hynix trades at a forward P/E multiple of 7X, while Intel trades at more than 100X forward earnings; SK Hynix carries a Zacks Rank #2 (Buy), while Intel holds a Zacks Rank #3 (Hold).
000660.KO ▲INTC ▲
Artificial Intelligence ▲Semiconductors ▲
Zacks Investment Research·18hRead more →
© 2026 MarketDXNews