Coatue's AI Bet: A New Wave or a Familiar Pattern? Coatue Management's recent move into Advanced Micro Devices (AMD) stock has been characterized as a "renewed bet on the AI trade.
" However, closer examination reveals this investment is part of a broader strategy echoing past trends. The scope of Coatue's investments in artificial intelligence infrastructure is striking.
The hedge fund has opened new positions not only in AMD but also in SpaceX, Intel, Cerebras Systems, Hut 8, and several other companies tied to AI development.