Brad Gerstner says Altimeter’s strategy over the past two years has centered on one core idea.
In a new Fox Business interview, the Altimeter founder says the firm’s positioning is directly tied to advances in machine intelligence.
“The overarching theme now for two years at Altimeter is we want to be positively correlated to improvements in intelligence. We think there’s no turning back from artificial intelligence.”
Gerstner says that philosophy has translated into heavy exposure to the infrastructure that powers AI systems.
“And so that means the biggest things that we own are things that are in the production of what we call tokens. Tokens are those things that we’re computing in order to produce intelligence. So our biggest position is Nvidia… CoreWeave, SK Hynix, and TSMC, they’re making the chips, they’re making the memory, they’re building the data centers, all the stuff needed to produce artificial intelligence.”
He adds that Altimeter is also investing directly in the companies developing frontier models.
“On the other hand, we’re also major investors in OpenAI and Anthropic, the two leading frontier labs in the United States, which are producing the intelligence and the agentic layer to allow enterprises and consumers to benefit, whether it’s ChatGPT or whether it’s Claude Code.”
Gerstner says the firm’s capital allocation reflects conviction rather than diversification across themes.
“And so we want to make sure that that is where the vast majority of our dollars are invested.”
Altimeter Capital is a Silicon Valley-based technology investment firm managing $15 billion in assets. The firm’s latest 13F filing shows that it bought nearly $85 million in Nvidia (NVDA) shares and $230.099 million in CoreWeave (CRWV) shares last quarter.
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