Maverick Capital Co-CIOs on Finding the AI Winners

Maverick Capital co-CIOs Ben Silver and David Tykocinski analyze current market dynamics and the evolution of their firm’s investment strategy. Their co-CIO model leverages distinct backgrounds in TMT and healthcare to maintain a disciplined, first-principles approach to capital allocation. Regarding the AI trade, the focus is shifting from initial infrastructure and hardware build-outs toward enterprise-level application and productivity gains, though potential volatility exists during this transition. While capital has recently flowed away from healthcare, specific opportunities persist in life science tools driven by manufacturing reshoring and AI-enhanced drug discovery. Risk management has evolved from basic sector-level monitoring to sophisticated, factor-based analysis of idiosyncratic volatility, ensuring the portfolio remains optimized rather than merely sector-balanced. These insights reflect a commitment to long-term alpha generation and deep fundamental diligence in an increasingly complex global market.