Yahoo Finance·2025-10-29 00:00Group 1 - Coatue Management identifies artificial intelligence (AI) as a significant driver for productivity and profits, leading to the creation of a list called the Coatue Fantastic 40, which highlights 40 top growth opportunities for investors over the next five years [1] - Alphabet was initially absent from the Fantastic 40 list but was later added near the top after a mid-October update, indicating a change in Coatue's perspective [2] - Philippe Laffont's presentation suggested that the rise of paid AI services like ChatGPT could negatively impact Google’s page views, with a noted decline of about 8% in page views for users who subscribed to ChatGPT [4][5] Group 2 - The decline in Google page views is linked to the adoption of AI chatbots, with other companies like Apple also reporting decreased search volumes on their platforms [6] - Factors such as Google's push for users to its native app may skew the data regarding page views, potentially affecting the analysis conducted by Coatue and Apple [7] - The perception of generative AI as a threat to established tech companies like Google has influenced Coatue's investment strategy, although Alphabet's stock remains attractively valued [8]