Billionaire Philippe Laffont's Coatue Management boosted its Broadcom (NASDAQ: AVGO) holdings by 6% in the second quarter, making it about 4.5% of the fund's portfolio. The hedge fund also established a new position in Intel (NASDAQ: INTC), which now accounts for approximately 3.5% of its total holdings. The fund is reportedly bullish on Broadcom's custom AI chip business, which is projected to generate over $100 billion in revenue in 2027, and Intel's recovering foundry business, which saw a 31% revenue increase in Q2.