Philippe Laffont's Coatue adds SpaceX, exits iShares Bitcoin Trust ETF among Q2 moves

Coatue Management’s Q2 13F-style positioning changes show Philippe Laffont increasing exposure to semiconductor and AI-related names while adding a notable position in SpaceX via SPCX. The article highlights new positions in SPCX, AMD, Hut 8, and Intel, with AMD receiving additional shares. The broader market implication is constructive for high-growth tech and infrastructure themes, especially AI chips and space/communications exposure, suggesting Coatue remains bullish on long-duration innovation bets. The mention of Intel alongside AMD may also reflect a selective re-risking in semis, though details are limited due to the article being partially truncated.