Coatue Management Opens New Position in AMD Stock. View This as a Renewed Bet on the AI Trade.

Hedge fund manager Philippe Laffont's Coatue Management just made a fresh bet on Advanced Micro Devices (AMD). New 13F filing data shows the firm opened a brand new position in AMD stock during the second quarter. Coatue bought 95,987 shares of AMD stock, worth about $55.8 million as of the June 29 filing date. The AMD position sits inside a much bigger pattern. Coatue Management also opened new positions in SpaceX (SPCX), Intel (INTC), Cerebras Systems (CBRS), Hut 8 (HUT), and several other companies tied to artificial intelligence (AI) infrastructure. More News from Barchart - SanDisk's Long-Term Financial Outlook Is Turning Heads on Wall Street - Google Is Reportedly Working with AMD for Its New TPU. What This Means for AMD Stock. - IREN Just Passed Its Biggest AI Test as Microsoft and Nvidia Bet Billions Basically, Coatue is loading up on the AI trade across chips, power, and computing infrastructure. Coatue Is Bullish on AI Infrastructure Stocks Taiwan Semiconductor (TSM) holds the top spot in Coatue's portfolio at $4.26 billion, making up more than 8.7% of the firm's holdings, followed by Lam Research (LRCX) at 8.4%. The other top holdings include tech stocks such as Micron (MU), SpaceX (SPCX), and Applied Materials (AMAT). Coatue built a new lineup of AI infrastructure bets during the quarter, while increasing exposure to tech giants such as Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOGL), and Broadcom (AVGO). The AI mix spans chipmakers, data-center builders, hyperscalers, power companies, and more. This suggests the fund aims to capture the AI buildout from multiple angles through diversification. Why AMD Is a Top AI Stock in 2026 In Q2 2026, AMD reported revenue of $11.5 billion, up 50% year-over-year (YOY). Data center sales more than doubled from a year earlier and now account for 58% of total sales, up 42% YOY. Server CPU sales rose 70% in Q2 across cloud and enterprise markets. AMD CEO Lisa Su explained that she expects server revenue to grow more than 80% YOY in the second half of 2026, with more than 70% growth expected for full-year 2027. The data-center AI business, which includes AMD's Instinct chips, more than doubled in the quarter. AMD launched its new Helios rack-scale AI platform at its Advancing AI event, combining EPYC Venice CPUs, MI450 series GPUs, networking, and its ROCm software stack. AMD also announced a strategic partnership with Anthropic during the quarter. Anthropic plans to deploy up to 2 gigawatts of MI450 Series GPUs using Helios, with the first GW rolling out in the first half of 2027.