Philippe Laffont of Coatue Management sees AI in a supercycle and expects a $10 trillion company within 10 to 15 years, possibly OpenAI, Anthropic or SpaceX. Coatue's flagship fund lost 8.3% in July but was still up 14.3% for the year at the time of the Bloomberg report. Laffont warns that a US debt crisis could hit within three years, as government spending runs about 40% above revenue, and he cautions investors against being too concentrated in one asset such as AI. Ray Dalio of Bridgewater Associates says AI has become a crowded trade but still views it as a tool for systematizing investment decisions. The article ranks 10 AI stocks held by both funds based on Q2 2026 13F filings, including GE Vernova (GEV), where Coatue held $3.01 billion (6.18% of its portfolio) and Bridgewater held $144.2 million.
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Original headline: Top 5 AI Stocks in Billionaires Ray Dalio and Philippe Laffont’s Portfolios
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