Coatue (@coatuemgmt) just released their latest public markets report covering the impact of AI across markets NEW: Top 7 in Tech - NVDA, MSFT, APPL, GOOG, AMZN, META, AVGO Here are the top 7 slides: 1.) Top 7 valuation multiples vs 1999 2.) Mag 7 is no longer outperforming 3.) New AI leadership from Palantir, Broadcom, TSMC, GE Vernova 4.) Top 10 AI leaders are too big (77% of GDP) 5.) AI adoption is slowing 6.) Debunking the "AI bubble": Measuring & scoring the current market against 30+ bubbles across 400+ years 7.) Vendor financing raising questions around revenues

@coatuemgmt 2.) Mag 7 is no longer outperforming 16% (Mag 7) vs 30% (AI excluding Mag 7) stock returns

@coatuemgmt 3.) New AI leadership from Palantir, Broadcom, TSMC, GE Vernova New leaders in AI Power, Semis, & Software are overtaking Mag 7 with YTD returns

@coatuemgmt 4.) Top 10 AI leaders are too big (77% of GDP) Market cap for top 10 companies as % of US GDP: NVDA, APPL, META, MSFT, AMZN, TSLA, AVGO, GOOG, WMT, BRK.B

@coatuemgmt 5.) AI adoption is slowing - Corporate AI adoption by # of employees falls to 12% - MIT Study + Bain & Co reports show cracks

@coatuemgmt 6.) Debunking the "AI bubble": Measuring & scoring the current market against 30+ bubbles across 400+ years This was COOL. 6 Types: Stock Market, Infra, RE, Credit/Debt, Commodities, Collectibles / Alt Assets

@coatuemgmt 7.) Vendor financing raising questions around revenues IMO this is the one of loudest signals to watch + watching the "Sam Altman effect" from OpenAI's demo day partnership announcements against stock bumps (ie Mattel 🤔)