18x Brilliant Light! Copy-Bottoming on SpaceX and Intel—What Do Top Investment Institutions Like Coatue Mean?

Selling Down or Closing Positions
1. $AMAT
2. $ASML
3. $LRCX
4. $TSM
5. $META
6. $NVDA
7. $NFLX
8. $SNPS
9. $V
10. $IBIT
$CHYM
$SOLS
$CHRW

Increasing Holdings
12. Micron
$MU

Increased by about 1,794%, becoming the third-largest holding. The explosive demand for HBM high-bandwidth memory from AI data centers has created persistent supply tightness through after 2027. Long-term customer contracts lock in high prices—Micron is the most direct beneficiary of the memory cycle.

13. SpaceX
$SPCX

Established a new position of about 18.56 million shares, worth $3 billion (USD), becoming the fourth-largest holding. It may be related to prior private equity investments that later went public.

14. Intel $INTCB

15. Cerebras Systems $CBRS

Established a new position of about 7.01 million shares, worth about $1.55 billion (USD). Focused on AI hyperscale chips, with strong differentiation from wafer-level computing architecture—directly positioning to capture the next generation of AI training demand.

16. $FPS

17. $HUT

18. $AMZN

19. $MSFTB

20. Google
$GOOGL

Increased by about 12.6%. The search ads moat is deep. The Gemini large model and cloud business are synergistic—AI search and monetization potential is significant.

21. Equinix
$EQIX

Increased by about 16.7%. A leading global data-center REIT. AI compute deployment directly drives demand for racks and interconnects, with strong certainty around rent growth.

22. Broadcom $AVGOB

23. $ETN

24. $GEV

25. Constellation Energy $CEG

AI investing is entering its second phase: shifting from simply pouring money into GPUs to solving memory shortages, power bottlenecks, and data-center expansion.