CNBC Squawk Box Disclosures

The information discussed on CNBC Squawk Box does not constitute investment advice or a recommendation to buy or sell any securities. Coatue Management LLC (“Coatue”) manages a number of vehicles and strategies, including private funds and a registered investment company, and while the companies mentioned on CNBC Squawk Box do not represent all of the securities held by any of these vehicles specifically, Coatue does own certain names discussed. In particular, certain securities described herein may be long/short portfolio investments of funds managed by Coatue. Coatue does have discretion over the securities bought and sold for such vehicles. This does create a conflict of interest for Coatue given that certain of the names discussed on CNBC Squawk Box are portfolio companies of various funds. The views and opinions expressed by Philippe Laffont are his own as of the date of the recording and are subject to change without notice.

As referenced in CNBC Squawk Box, the term “index of the future” is solely meant to indicate that this is a list of companies that Coatue believes are best positioned for innovation and growth over the next five years and the term “index” is not meant to indicate that this is a product or fund that anyone is able to invest in currently or that such a product would be offered in the future. Currently, no such product exists and there may never be such a product in the future. Additionally, if there was a product in the future, there is no guarantee that any of the names included in the Coatue Fantastic 40 as of this date would be included in such product at the time of any such offering, as this list is subject to change and modification at any time and without any prior notice. This list of the “next tech order” should not be considered to be investment advice or to be a recommendation to buy or sell any particular security.

The Coatue Fantstic 40 was created by analyzing 150+ public and private companies across tech, industrials, and energy. Companies were ranked by growth potential (not market cap) and filters were applied for risk. The list was determined at Coatue’s sole discretion and includes elements of subjectivity by nature. The Coatue Fantastic 40 is subject to change at any time as additional information becomes available. The publication and discussion of this list does not create any fiduciary relationship between Coatue and any particular individual that views such list.

This discussion contains forward-looking predictions regarding certain securities and regarding AI and its potential impacts and opportunities, all of which are subject to a number of factors and uncertainties. Any characterization of AI herein is the opinion of Philippe Laffont, is subject to change, and should not be relied upon in making an investment decision. Given that AI is an emerging technology, assessing the future trajectory of the AI industry is inherently challenging, and Coatue and Philippe Laffont’s views on its success or failure can be subjective and based on incomplete information, limited perspectives, or speculative assumptions. These statements are based on the speaker’s views as of the date of this video clip and there is no guarantee that such views will not change in the future and any statements regarding particular securities should not be construed to be indicative of the investments that will be made in the future by any product managed by Coatue.

There is no guarantee that any securities discussed herein have been or will be profitable in the future. There is no guarantee that any fund or product managed by Coatue will achieve its investment objective. Past performance is not a guarantee of future performance. Although Coatue believes that the data expressed during this discussion is accurate and reasonable, actual results could differ materially from those projected or assumed, and such projections are subject to change, and are subject to inherent risks and uncertainties. Neither Coatue nor its affiliates or advisors guarantees the accuracy or completeness of the information. Accordingly, neither Coatue nor any of its affiliates, advisors or employees shall be liable to you or anyone else for any loss or damages from use of the information contained in this discussion.

In addition, this segment contains references to certain slides and information from a keynote presentation made by Coatue at its East Meets West Conference and accordingly does not include all information or context provided in the full presentation. Any statements should be reviewed in light of the entire presentation and the entire presentation can be found here: https://www.coatue.com/blog/company-update/coatues-2025-emw-conference