Philippe Laffont, founder of Coatue Management, says artificial intelligence marks the start of a new technology supercycle one comparable to the rise of the personal computer and mobile internet.

His $55 billion hedge fund is betting big on AI stocks, including Nvidia and emerging AI infrastructure providers.

In a recent investor note, Laffont pointed out that Big Tech companies are expected to spend over $365 billion on AI in the coming years.

He believes this wave of investment will fuel decades of growth, transforming industries from healthcare to finance.

New players such as CoreWeave and Oracle are gaining market share by offering alternative GPU solutions. Meanwhile, traditional tech giants continue to expand their AI capabilities to stay competitive.

While risks remain, including regulatory scrutiny and the ethical use of AI, Coatue is confident that the current AI boom will drive innovation and stock market returns.

For investors and tech companies alike, the message is clear: AI is not just a trend it’s the engine of the next technological revolution.