Philippe Laffont, billionaire founder and portfolio manager of Coatue Management, framed artificial intelligence as the defining economic shift of the coming decades and predicted that the first $10 trillion company is on the horizon.

Philippe Laffont, billionaire founder and portfolio manager of Coatue Management, framed artificial intelligence as the defining economic shift of the coming decades and predicted that the first $10 trillion company is on the horizon.
The stock has been buffeted by a combination of AI CapEx concerns, a high-profile rocket explosion, and a broader risk-off mood that's weighed on even the strongest names in tech. It's been a frustrating sell-off given the recent all-time highs the stock had been printing.
Memory stocks get nailed
Amazon.com Inc (NASDAQ:AMZN) will likely be the big winner from this year's earlier than usual Prime Days shopping event that takes place June 23 through June 26. In perhaps a surprise, a report names other retailers as the potential names to watch as beneficiaries.
Amazon is putting Alexa for Shopping at the center of Prime Day, using artificial intelligence (AI) to build personalized deal guides, track prices, recommend products and place orders automatically when items hit a shopper's target price. The four-day event runs Tuesday to Friday (June 23-26), and the stakes are high.
Amazon (NASDAQ:AMZN | AMZN Price Prediction) is a stock worth owning for the next two decades because three high-margin engines, AWS, advertising, and Prime subscriptions, now compound on top of a retail base that has finally turned profitable.
Shares of Amazon.com NASDAQ: AMZN started this week on the back foot, trading down around $230, their lowest level since early April. The stock has been going through a tough patch and is now down more than 16% from the all-time high it hit last month.
Amazon (NASDAQ:AMZN | AMZN Price Prediction) just delivered its
As Prime Day kicks off today, Amazon is debuting Alexa+ Agentic Ads on its Echo Show devices. The move is part of the retail giant's broader push to help shoppers discover new products and deals through agentic and conversational experiences.
Amazon.com Inc (NASDAQ:AMZN)'s annual Prime Day sales event is expected to generate a record wave of online shopping this week, with US consumers projected to spend more than $26 billion across online retailers during the four-day promotional event. According to data from Adobe, spending during the 12th edition of Prime Day is forecast to rise 9% from last year as shoppers hunt for discounts despite ongoing pressure from stubborn inflation and elevated gasoline prices.