Investors / stance tracking
What Thomas Laffont is saying
FollowFollowingUnfollowCo-founder, Coatue Management
12 dated public stances tracked since 2025-01-25, most recently 2026-06-10. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Thomas Laffont's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Thomas Laffont is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
Think we got something wrong? Report a misattribution — we correct it or take it down.
12
tracked stances
9
themes
0
side flips
2026-06-10
last heard
Returns 90d +14.4% 57% correct · 7 calls · 180d +25.9% 86% correct · 7 calls · 1y +30.5% 83% correct · 6 calls
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Scored calls
Every tracked call with at least one matured horizon: the rows behind the Returns line above. A dash is a horizon that has not matured yet.
| Date | Name | Call | 90d | 180d | 1y |
|---|---|---|---|---|---|
| 2026-03-06 | AVGO | bullish | +27.0% | +11.5% | — |
| 2025-06-21 | TSLA | bullish | +22.2% | +38.6% | +16.2% |
| 2025-06-21 | NVDA | bullish | +22.5% | +20.8% | +44.9% |
| 2025-06-20 | CRWV | bullish | -33.9% | -64.8% | -39.4% |
| 2025-06-20 | APP | bullish | +91.4% | +102.4% | +44.6% |
| 2025-01-25 | URANIUM | bullish | -9.8% | +55.5% | +112.3% |
| 2025-01-25 | CEG | bullish | -18.8% | +17.4% | +4.3% |
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| APP | 1 | 1 bullish | 2025-06-20 | |
| AVGO | 1 | 1 bullish | 2026-03-06 | |
| CEG | 1 | 1 bullish | 2025-01-25 | |
| CRWV | 1 | 1 bullish | 2025-06-20 | |
| NVDA | 1 | 1 bullish | 2025-06-21 | |
| SAAS SECTOR | 1 | 1 bearish | 2026-03-06 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-06-10
long SPACEX / long STRIPE / long ANTHROPIC / long DATABRICKS (+3 legs)
basket
Philippe Laffont · video
Capital is concentrating into a small handful of top private AI and tech companies — SpaceX, Stripe, Anthropic, Databricks, Revolut, ByteDance, Anduril — which collectively represent the next decade's market-defining index, with funding share accruing…
“I'd feel pretty comfortable owning this index if I could for the next decade plus”
The Next Magnificent Seven Won't Come From Public Markets
2026-06-04
long SPACEX / long ANTHROPIC / long STRIPE / long DATABRICKS (+1 legs)
basket
Philippe Laffont · video
The 'Magnificent Eight' private AI-era unicorns—SpaceX, Stripe, Anthropic, Databricks, Revolut, ByteDance, Anduril—represent nearly $4T of compounding value across space, AI, fintech, defense, and internet that has materially outperformed the public Mag-7…
“I'd feel pretty comfortable owning this index if I could for the next decade plus”
Thomas Laffont: The $4T AI IPO Wave Is Coming… and We’ve Never Seen Anything Like It
2026-03-06
SPACEX
bullish
Philippe Laffont · video
These late-stage private companies are the 'next Magnificent 7' — an essential source of index-beating returns as the current Mag 7 has gone flat, with several expected to IPO in the next 12–24 months
“if you're going to want to outperform the index over a long period of time, you're going to need exposure to these companies”
Coatue's Thomas Laffont: What Comes After the Magnificent 7? | 2026 Upfront Summit
2026-03-06
SAAS SECTOR
bearish
Philippe Laffont · video
SaaS has decelerated to ~13% organic growth (e.g. Workday) while still trading 28–30x GAP earnings, and faces a third headwind from AI compressing terminal value, forcing a re-rating toward ~20x
“either companies are going to have to reaccelerate or the multiples are just going to start to rerate to where other companies trade”
Coatue's Thomas Laffont: What Comes After the Magnificent 7? | 2026 Upfront Summit
Broadcom's AI segment is growing ~40% while trading at a cheaper GAP earnings multiple than decelerating SaaS names, making it a structurally superior risk-reward in the current market
“Avigo is growing almost 40% of Broadcom and it's trading at a cheaper multiple of GAP earnings”
90d +27.0% · 180d +11.5%
Coatue's Thomas Laffont: What Comes After the Magnificent 7? | 2026 Upfront Summit
2025-06-21
short S / long Crypto Other
pair
All-In Podcast · video
S&P 493 companies face secular revenue headwinds from AI disruption (median growth halved from 17% to 9%, Anthropic alone added 70% of net new SaaS ARR in Q1) while AI/crypto-native companies like Coreweave and Circle can compound at 25%+, creating an…
“it's an opportunity to short the S&P and pick a couple winners”
IPOs and SPACs are Back, Mag 7 Showdown, Zuck on Tilt, Apple's Fumble, GENIUS Act passes Senate
GPU architecture remains the essential compute layer for all major AI models and is not being displaced — alternative chip architectures are growing the total market rather than taking share from Nvidia
“all roads still lead to the GPU for all of these models”
90d +22.5% · 180d +20.8% · 1y +44.9%
IPOs and SPACs are Back, Mag 7 Showdown, Zuck on Tilt, Apple's Fumble, GENIUS Act passes Senate
Tesla has the greatest potential for vertical integration from silicon through model to physical hardware, with Optimus giving it upside well beyond automotive into the broader physical AI market
“I would pick Tesla... it has the most potential for vertical integration”
90d +22.2% · 180d +38.6% · 1y +16.2%
IPOs and SPACs are Back, Mag 7 Showdown, Zuck on Tilt, Apple's Fumble, GENIUS Act passes Senate
AppLovin demonstrates that AI-first reinvention enables revenue doubling alongside a 35% headcount reduction, outcompeting Google and Meta in advertising through faster decision-making and fewer bureaucratic layers
“doubles the size of the company as the employee count is down over 35%”
90d +91.4% · 180d +102.4% · 1y +44.6%
Coatue’s Laffont Brothers. AI, Public & VC Mkts, Macro, US Debt, Crypto, IPO's, & more | BG2
Coreweave is one of the few pure-play AI infrastructure names in the public market, giving investors direct exposure to the AI buildout without legacy-business drag that encumbers most large-cap tech peers
“being an AI pure play, there's very few in the public market”
90d -33.9% · 180d -64.8% · 1y -39.4%
Coatue’s Laffont Brothers. AI, Public & VC Mkts, Macro, US Debt, Crypto, IPO's, & more | BG2
Hyperscalers (Amazon, Microsoft) are signing direct behind-the-meter power deals with nuclear operators like Constellation Energy to secure dedicated AI data center capacity, and even the Biden-era federal government began contracting directly with CEG —…
“I don't know if you guys have been following this stock in the public market guys called Constellation Energy — it's a really interesting idea”
90d -18.8% · 180d +17.4% · 1y +4.3%
Trump's First Week: Inauguration Recap, Executive Actions, TikTok, Stargate + Sacks is Back!
Nuclear capacity is the binding constraint on the global AI arms race — China has been aggressively adding nuclear while US capacity has been flat for 25+ years, and the US cannot realistically close the electricity gap with China without a major nuclear…
“can we catch up without nuclear — no”
90d -9.8% · 180d +55.5% · 1y +112.3%
Trump's First Week: Inauguration Recap, Executive Actions, TikTok, Stargate + Sacks is Back!
Idea Scout Weekly
Every Sunday: who said what across the tape we track — 1766 voices, 5,177 episodes and articles — with side-flips and points of disagreement called out. Free. How we track it.
Free · double opt-in · unsubscribe in one click