BREAKING: Inside Coatue (@coatuemgmt) How the $70B Asset Manager Trades & Invests in Tech Privates (OpenAI) → Publics (META, GOOG) Meme Stocks (GME, $OPEN) → Durable Compounders Winners vs. Losers in AI With new releases like their Fantastic 40 & Public Markets Update, Sector Head, Michael Barton & I go deep into their evolving investment strategies + the impact of AI & retail on public markets Coatue’s $70B multi-strategy platform spreads across public equities, privates, credit, & a new retail fund called CTEK Highlights (00:00) Introduction to Michael Barton & Coatue (01:21) Early investing experiences & lessons learned from Melvin Capital (02:50) Gamestop, Reddit & how retail “meme stocks” changed the public markets (04:20) New data sources: Reddit, X, WallStreetBets (05:45) Coatue’s scale: $70B AUM across public, private, & credit (07:00) Idea generation: the AppLovin story (08:40) AI in digital advertising: Meta, Google, AppLovin (11:42) Bubble fears vs. real AI revenue (14:00) From ad targeting to agentic commerce (17:13) Why things change so fast in AI & markets (18:40) Pricing in AI winners & losers daily (20:15) Talking to practitioners: Coatue’s edge (26:00) How AI will reshape jobs & company margins (34:50) Hedge fund of the future: AI-native workflows (46:53) Valuations, privates vs. publics, & OpenAI