Billionaire Dan Loeb Just Changed His Mind on This Incredible Artificial Intelligence (AI) Stock

Billionaire Dan Loeb is one of the most-followed activist investors on Wall Street. His hedge fund, Third Point, manages $21.1 billion, with around one-third of that invested in a public equity portfolio.He is supported by a team of over 60 people, but ultimately, Loeb is in charge of the moves in Third Point's portfolio. He said that by mid-April, he had sold out of most of the "Magnificent Seven" stocks, taking gains off the table early in 2025 before the market crashed amid tariff concerns.By the end of the first quarter, he'd sold off significant pieces of his stakes in Microsoft and Amazon while completely eliminating positions in Tesla, Apple, and Meta Platforms (NASDAQ: META). But Loeb was a buyer of most of those again in the second quarter, including Meta. Here's why Loeb may have changed his mind on the AI leader.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool