The AI Supercycle, New Winners, Peak Head Count and The Year of Offense - Sunday Reads and Listens

Happy Sunday.

I spent a few hours with the Coatue investor deck for 2025 and it was great.

The full deck is here.

Every tech CEO, founder and investor should go through the slides which take a good look at the effects and potential effects of AI on companies in public and private markets.

Yesterday, I paired the deck with the YouTube podcast with the Coatue founders the Laffont brothers with Gurley and Gerstner and that added an excellent dimension. You can watch it here or below:

Some segments that stood out for me in the video is the question whether Microsoft has hit peak employee and the story of AppLovin’s ( $APP ( ▼ 3.93% ) ) turnaround which starts at minute 46.

Another is that 2025 is the year of offense - minute 53 (I think $MSFT ( ▼ 0.3% ) and $META ( ▲ 1.04% ) have been the two most on offense trying to keep up with Open AI).

Here are 4 slides that I have pulled that also stood out to me…

Have a great Sunday.