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.

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 has shown that 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.

8. AppLovin Corporation (NASDAQ:APP)

Number of Hedge Fund Holders: 91

Coatue Management Equity Stake: $513.42 Million

Applovin Corp (NASDAQ: APP) is one of the top AI stocks to buy according to billionaire Philippe Laffont. On June 29, Raymond James initiated coverage of Applovin Corp (NASDAQ: APP) with a Strong Buy and a $640 price target. The price target represents significant upside as the stock is trading at about $515 a share.

The research firm remains confident in the company’s long-term prospects, driven by its expansion into e-commerce advertising. It expects the company to deliver long-term growth that could lead to positive estimate revisions. Similarly, Raymond James expects Applovin’s core advertising business to deliver 20% to 30% growth.

The robust advertising growth would come as Applovin has emerged as a leading mobile in-app advertising platform. Reinforcement learning and periodic enhancements to the Axon model are also expected to drive growth in the advertising business.

Amid the advertising business’s growth, Raymond James expects AppLovin to achieve revenue growth above 40%, EBITDA margins of over 80%, and cash flow conversion of about 100%.

AppLovin Corporation (NASDAQ:APP) is an AI-powered technology platform that helps businesses advertise, monetize, and publish mobile apps. It operates an ecosystem in which developers use its tools to acquire users, while advertisers use its platform to reach over a billion consumers globally.

7. ASML Holding NV (NASDAQ:ASML)

Number of Hedge Fund Holders: 133

Coatue Management Equity Stake: $655.44 Million

ASML Holding NV (NASDAQ:ASML) is one of the top AI stocks to buy according to billionaire Philippe Laffont. On June 30, Susquehanna reiterated a Positive rating on ASML Holding NV (NASDAQ: ASML) and raised the price target to €2,350 from €1,475.

The positive stance and price target hike follow channel checks that affirm an upward revision in ASML Holding’s Supply Chain Equipment order backlog, which now extends to one year. Earlier in the year, the company reiterated that its order backlog stood at €38.8 billion. The massive order backlog stems from the company being the only maker of EUV lithography systems, which are essential for creating the tiny circuitry of advanced chips.

The company remains well-positioned to capitalize on the wafer fabrication equipment market, which is expected to reach $250 billion by 2028. According to Susquehanna analyst Mehdi Hosseini, ASML’s backlog strength should be clear in the upcoming July earnings season.

Meanwhile, BofA analyst Didier Scemama reiterated a Buy rating on ASML and hiked the price target to €1,921 from €1,710 on June 4. According to the analyst, the company’s lithography capacity is poised to exceed 90 units as it reduces lead times and improves assembly efficiency.

ASML Holding NV (NASDAQ:ASML) builds the essential photolithography machines that enable artificial intelligence. By exclusively producing the equipment required to print the microscopic circuits on advanced logic and memory chips, it serves as the foundational hardware monopoly powering the entire global AI hardware supply chain.

6. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 282

Coatue Management Equity Stake: $918.03 Million

Microsoft Corporation (NASDAQ:MSFT) is one of the top AI stocks to buy according to billionaire Philippe Laffont. On June 30, Microsoft Corp (NASDAQ: MSFT) confirmed the general availability of Anthropic’s Claude models in Foundry. Organizations can now run Claude within their Azure environments while leveraging Microsoft authentication, billing, and governance controls.

Claude Models in Microsoft Foundry are hosted in Azure infrastructure powered by Nvidia’s GB300 Blackwell Ultra GPUs. The deployments follow a partnership among Microsoft, Nvidia, and Anthropic, covering Claude’s availability on Nvidia-accelerated computing.

Enterprises will be able to build through the existing Microsoft Azure account. Teams will also build agentic applications that run their work with Claude in an environment they already operate in. It is an important step for customers looking to build agentic applications and plan to move from AI experimentation to production.

Microsoft acknowledges that Anthropic remains the seller and operator of Claude models in Microsoft Foundry. It also acts as an independent data processor for prompts and outputs. Foundry Agent Service will also use Claude as a reasoning core for multi-step planning, tool use, and task execution across various enterprise systems.

Microsoft Corporation (NASDAQ:MSFT) integrates artificial intelligence across its entire business ecosystem. Their AI operations span three primary pillars: AI Infrastructure & Cloud Services, Enterprise & Personal Productivity, and Fundamental AI Research.

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 275

Coatue Management Equity Stake: $1.1 Billion

NVIDIA Corporation (NASDAQ:NVDA) is one of the top AI Stocks to buy according to billionaire Philippe Laffont. On June 29, Bit Origin, an emerging AI computing infrastructure company, announced an agreement to the acquire about $11 million worth of NVIDIA Corp (NASDAQ:NVDA)’s Blackwell B300 AI infrastructure assets.

The Singapore-based company will fund the purchase with $1 million in cash and $10 million in equity issued through pre-funded warrants. The transaction also includes customer deployment agreements and hosting contracts tied to the AI infrastructure.

The assets acquired include 16 Nvidia Blackwell B300 AI servers slated for delivery in the third quarter. The company is to deploy the servers at a data center facility in Malaysia. Following their delivery and deployment, Bit Origin expects to generate about $360,000 in recurring monthly revenue before operating expenses.

The purchase comes on the heels of the Financial Times reporting on June 24 that Nvidia AI chips have doubled in price in China’s black market. The sudden spike in prices comes as the US ramps up a crackdown on illicit exports amid strong demand from Chinese companies.

NVIDIA Corporation (NASDAQ:NVDA) is the primary provider of the hardware, software, and infrastructure that power modern artificial intelligence. The company has evolved into a full-stack AI ecosystem. It controls the global market for AI chips used to train and deploy advanced models.

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 265

Coatue Management Equity Stake: $1.24 Billion

Alphabet Inc. (NASDAQ:GOOGL) is one of the top AI stocks to buy according to billionaire Philippe Laffont. On June 30, Alphabet Inc. (NASDAQ:GOOGL)’s Google Cloud’s positioning in enterprise AI development received significant support from Anthropic.

Anthropic launched Claude Apps Gateway for Google Cloud and Amazon Bedrock, a development that centralizes policies, enables role-based access, and provides per-user cost contribution. Additionally, the new gateway securely manages upstream credentials, authenticates developers, and reports usage to a customer. The new features align with Google Cloud’s enterprise-first strategy and assert Alphabet’s growing credentials as a preferred platform for modular AI development.

Meanwhile, on June 30, Morgan Stanley reiterated an Overweight rating on Alphabet and raised the price target to $415 from $375.The new price target represents significant upside potential, as the stock has dropped about 10% over the past month to about $353 a share. According to the investment bank, Alphabet’s fundamentals are improving into 2027 and 2028, presenting a tactical buying opportunity as an AI stock.

Alphabet Inc. (NASDAQ:GOOGL) is a leader in artificial intelligence, providing solutions across every layer of the technology stack. Through Google and deep-tech research labs, Alphabet builds generative AI models like Gemini, self-driving vehicles (Waymo), AI hardware and cloud infrastructure, and AI-driven medical breakthroughs (Isomorphic Labs).

3. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 262

Coatue Management Equity Stake: $1.61 Billion

Meta Platforms, Inc. (NASDAQ:META) is one of the top AI stocks to buy according to billionaire Philippe Laffont. On June 29, reports emerged indicating Meta Platforms, Inc. (NASDAQ:META) is restricting its engineers from using Anthropic’s Claude Code and OpenAI’s Codex. The restriction comes amid concerns that outputs from the AI tools could end up in the company’s AI training data through distillation.

The Information reports that Meta Platforms has instructed its teams to pause certain tasks that use third-party AI models. The point of concern is that allowing rival AI outputs to seep into Meta’s training data could trigger escalations with partner companies. Therefore, the concern is not purely about competitive intelligence.

Meanwhile, Google has reportedly placed a limit on Meta’s use of Gemini AI models. The restriction comes on the social networking giant gaining access to more computing capacity that Google could provide. In March, the search giant warned Meta that it was not in a position to provide all the Gemini capacity required.

Meta Platforms, Inc. (NASDAQ:META) invests tens of billions in AI infrastructure to power its platforms and drive hardware innovation. Meta AI operates as a multimodal assistant integrated across WhatsApp, Instagram, Messenger, and Facebook. It also develops and open-sources the Llama family of large language models, allowing developers and organizations to build custom AI.

2. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 353

Coatue Management Equity Stake: $1.65 Billion

Amazon.com, Inc. (NASDAQ:AMZN) is one of the top AI Stocks to buy according to billionaire Philippe Laffont. On June 29, Park Ha Biological Technology inked a strategic cooperation with Amazon.com Inc. (NASDAQ:AMZN) as part of its global expansion plan targeting the North American Personal care market.

The Chinese technology-driven skincare brand has already begun executing four key tasks, including store qualification registration, Amazon brand registry enrollment, and establishing a compliance framework. The launch on the Amazon platform is expected to broaden Park Ha Biological’s growth opportunities in the personal care sector.

The initiative is part of the company’s plan to capitalize on more than 310 active Amazon buyers each year, especially in the US market. Park Ha Biological expects Amazon to help it achieve international brand recognition and create new revenue opportunities while remaining committed to quality and transparency.

The collaboration comes on Amazon, announcing on June 25 plans to build India’s largest delivery-in-minutes network by scaling Amazon Now. The company plans to enable deliveries in over 300 cities across the country. Amazon Now is the fastest-growing eCommerce business unit in Amazon India’s history.

Amazon.com, Inc. (NASDAQ:AMZN) embeds artificial intelligence across its entire business—from cloud computing infrastructure and enterprise development tools to consumer devices and global logistics. Its AI efforts span foundation model development, customized AI chips, and highly automated retail and delivery operations.

1. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)

Number of Hedge Fund Holders: 234

Coatue Management Equity Stake: $3.14 Billion

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) is one of the top AI stocks to buy, according to billionaire Philippe Laffont. On June 29, Barclays reiterated that Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) is well positioned for robust growth amid strong demand for advanced logic wafer supply.

According to Barclay’s analyst Simon Coles, the market is clamoring for advanced logic wafer supply, which is translating into booming business for the company. Amid the strong market demand, the investment bank has reiterated an Overweight rating on the stock and hiked the price target to $625 from $470. The new price target represents significant upside potential as the stock is trading at about $455 a share.

Barclays insists that Taiwan Semiconductor Manufacturing is one of the top investment plays for gaining exposure to artificial intelligence. The research firm expects the company’s competitive edge to continue growing as capital expenditures are poised to increase from $56 billion in 2026 to $74 billion in 2027.

S&P Global Ratings has already affirmed its AA- long-term issuer credit rating on the stock, impressed by the market leadership in the global semiconductor foundry sector.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) is the vital manufacturing backbone of the global AI industry. While it does not design chips itself, it produces over 90% of the world’s most advanced leading-edge semiconductors, fabricating the processors that power AI data centers, autonomous systems, and generative AI models.

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