Coatue Founder Philippe Laffont 6/23/26

The global economy is transitioning from the information age to an "Intelligence Age," where AI functions as a fundamental utility similar to water or electricity. Philippe Laffont, founder of Coatue, emphasizes that the most significant investment opportunities lie in the infrastructure supporting this shift, specifically data centers, land, and power generation. While markets currently face volatility, long-term growth will be driven by companies capable of scaling intelligence, with the "Magnificent Seven" expanding to include new leaders like OpenAI, Anthropic, and SpaceX. Geopolitical tensions will likely force a bifurcation between Western and Chinese AI ecosystems, leaving neutral nations to navigate both. Investors should look beyond software, focusing on the physical assets—such as turbines and semiconductor capital equipment—that enable the massive computational demands of modern AI models.