In this article, we will highlight the Top 10 AI Stocks to Buy According to Billionaire Philippe Laffont.
First-quarter earnings reports eased concerns about a potential artificial intelligence bubble, particularly as tech companies continued to commit heavily toward AI infrastructure. Nevertheless, some AI plays have remained under pressure, pulling back by double-digit percentage points.
Wedbush Dan Ives has already echoed that stocks are being treated as if in an “air pocket” before we find out whether the massive artificial intelligence capex will pay off.
“Microsoft and Meta are being treated by investors like they are wearing winter jackets to the beach in the summer. Traders are treating Microsoft and Meta like they are bear market names that cannot be owned.”
According to Ives, there’s no need for alarm, as we are in a 6- to 12-month air pocket in which hyperscalers are likely to spend $700 billion on AI data center construction. Costs are expected to slow over the coming years as AI consumer hardware, physical AI deployments, and enterprise use cases scale.
Billionaire Philippe Laffont is bullish on the AI trade despite recent concerns. According to the Coatue Management founder, agentic AI is “one of the bigger ideas” expected to drive market growth. Laffont predicts a $10 trillion company within the next 15 years amid the AI boom.
The billionaire investor is especially bullish about opportunities in the semi-cap corner of the tech sector that provide critical components for chip fabrication plants.
“If I’m a supplier to the fabs, I don’t need to make an exact bet on which of the chips is going to win,” he stated. “That’s sort of the reason why we own the semi-cap stocks.”
Semi-cap stands out partly because they build and supply the machines, tools, and systems upon which chip fabrication plants rely to build their AI-enabling hardware.
With that in mind, let’s take a look at some of the top 10 AI stocks to buy according to billionaire Philippe Laffont.
Philippe Laffont of Coatue Management
Our Methodology
To compile a list of the top 10 AI stocks to buy according to billionaire Philippe Laffont, we analyzed Coatue Management’s investment Q1 2026 13F portfolio. From the list, we focused on companies at the heart of AI innovation and solutions, and spearheading the revolution. We also settled on stocks that are popular among elite hedge funds owing to their AI credentials. Finally, we ranked the stocks based on Coatue Management’s equity stakes.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research shows we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
Top AI Stocks to Buy According to Billionaire Philippe Laffont
10. Micron Technology Inc. (NASDAQ:MU)
Number of Hedge Fund Holders: 154
Coatue Management Equity Stake: $56.06 Million
Micron Technology Inc. (NASDAQ:MU) is one of the top AI Stocks to buy according to billionaire Philippe Laffont. On June 29, Micron Technology Inc. (NASDAQ:MU) was hit with a class action lawsuit over claims that it is restricting DRAM supply to inflate prices.
The private class-action lawsuit in the US also names Samsung and SK Hynix for allegedly contributing to memory prices reaching historical highs amid ongoing shortages, as demand continues to outpace supply. In the lawsuit, the fillers are demanding compensation from the three companies for allegedly gouging prices by creating artificial shortages of memory.
There is a global RAM shortage driven by AI data center demand that’s forcing the likes of Micron to raise prices. Apple has already had to raise device prices by as much as $200 due to the shortages. Micron has also had to lock 16 companies into five-year contracts, as building new fabs takes 5+ years and costs upward of $10 billion.
Micron Technology Inc. (NASDAQ:MU) manufactures the foundational memory and data storage hardware required to power artificial intelligence. Because AI models ingest and process colossal amounts of information, high-performance computing heavily relies on Micron’s specialized chips to prevent processing bottlenecks.
9. QUALCOMM, Inc. (NASDAQ:QCOM)
Number of Hedge Fund Holders: 71
Coatue Management Equity Stake: $178.65 Million
QUALCOMM, Inc. (NASDAQ:QCOM) is one of the top AI stocks to buy according to billionaire Philippe Laffont. On June 29, Mizuho analyst Vijay Rakesh reiterated a Neutral rating on QUALCOMM, Inc. (NASDAQ:QCOM) and hiked the price target to $210 from $170. The new price target represents significant upside potential as the stock is trading at about $184 a share.
The Mizuho analyst remains bullish on the company’s long-term prospects, citing burgeoning opportunities in data centers and auto ramps. The strong demand is expected to offset potential headwinds in the company’s consumer handsets segment.
The sentiments come on the heels of Qualcomm asserting it is positioned to generate $15 billion in sales from its data center business by 2029. The robust revenue growth will come as the company moves beyond core smartphone chips. Chief Financial Officer Akash Palkhiwala expects the data center business to generate $5 billion in revenue in fiscal 2027, with $1 billion from new custom chip customers.
Qualcomm expects more than $40 billion in revenue from chips outside the smartphone stronghold by 2029, up from the previous target of $22 billion.
QUALCOMM, Inc. (NASDAQ:QCOM) is expanding from a smartphone chipmaker into a platform provider for “edge” AI (processing AI directly on devices) and data center AI infrastructure. Their AI strategy focuses heavily on power efficiency, real-time agentic AI, and software ecosystems.
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