Hedge Funds

Billionaire Investor Doubles Down On AI Trade, Adds Chip-Equipment Names

Lekha Gupta — Fri, 12 Jun 2026 17:08:02 +0000

Daniel Loeb‘s Third Point is leaning further into the artificial intelligence trade, building positions in chip-equipment makers KLA Corporation (NASDAQ:KLAC), ASML Holding N.V. (NASDAQ:ASML), and Lam Research Corporation (NASDAQ:LRCX) — acquiring 11,000, 12,000, and 75,000 shares, respectively, in the first quarter.

Asked about megacap tech on a recent episode of the Invest Like the Best podcast, the Third Point founder said the “setup is great.” “Unless you are really draconian or negative and you think that somehow the AI world is going to roll over in ’31 or ’32, I think it’s the most attractive sector right now,” Loeb said. “It’s where the bulk of our capital is invested.”

KLAC: Recent Key Events

KLAC reported its fiscal third-quarter 2026 results, beating expectations on both revenue and earnings. The company posted revenue of $3.42 billion, compared with the $3.37 billion estimate, and adjusted earnings per share of $9.40, ahead of the $9.14 forecast.
It expects fiscal fourth-quarter revenue to be in the range of $3.38 billion to $3.78 billion versus estimates of $3.54 billion, according to Benzinga Pro.
The company also anticipates fourth-quarter adjusted earnings of $8.87 to $10.87 per share versus estimates of $9.80 per share.
Needham lifted its price forecast to $2,000 (Buy), Wells Fargo to $2,100 (Overweight), RBC Capital to $1,700 (Sector ...

Full story available on Benzinga.com

Dan Loeb Calls Selling Palantir In The $20s A 'Huge Mistake:' 'I Missed A 10X'

Rishabh Mishra — Fri, 12 Jun 2026 06:29:40 +0000

Billionaire investor Dan Loeb recently admitted to one of his most painful portfolio missteps: exiting Palantir Technologies Inc. (NASDAQ:PLTR) far too early. By selling his firm’s private stake in the $20 range, Loeb missed out on a monstrous post-IPO rally, serving as a stark reminder of the challenges in letting “winners ride.”

The Pain Of Selling Too Early

Speaking on a recent episode of the All-In Podcast, the Third Point CEO opened up about the agonizing decisions surrounding when to hold high-growth technology companies.

When the conversation shifted to managing the transition from private to public markets, Loeb was remarkably candid about his regrets regarding the data analytics giant Palantir.

“It’s one of the most vexing questions,” Loeb confessed. “We were private investors in Palantir, and I think we sold all our stock in the 20s. Huge mistake.”

He noted the massive opportunity cost of the premature exit. “Gosh, I missed a 10x after going public,” he lamented, adding that the stock went “up 8x or something.”

data-variant="card"
data-news-mode="manual"

SpaceX Is Selling A Planet‑Shifting Vision — The Profits Come From Wi‑Fi

Stjepan Kalinic — Thu, 11 Jun 2026 21:08:44 +0000

The biggest IPO in history arrives this Friday, and with it comes a paradox that investors would be wise to understand before the opening bell rings.

SpaceX will debut under the ticker SPCX at $135 per share, with options trading set to begin on Monday. The first few minutes are expected to be chaotic as market makers establish price discovery.

Volatility could be extreme, but excitement will certainly be even higher.

Yet, spectacle aside, investors must understand the truth – SpaceX is not quite the company they're being asked to believe it is.

Pricing The Story

The IPO prospectus presents a civilization-scale artificial intelligence platform with a $28.5 trillion total addressable market (TAM). The financial statements tell a different story. SpaceX today is primarily a satellite internet provider wrapped in an AI narrative, with two capital-intensive moonshots attached.

That distinction matters, but according to Vuk Vukovic, CIO of a NYC-based hedge fund, Oraclum Capital, perhaps not immediately.

The company’s headline TAM breaks down into three categories: $370 billion tied to launch services and national security, $1.6 trillion from Starlink connectivity, and an eye-popping $26.5 trillion attributed to artificial intelligence.

AI alone represents 93% of the opportunity being sold to investors, and those numbers are hard to justify. As much as $22.7 trillion comes from "enterprise applications"—a market larger than the GDP of every country on earth except the U.S. and China.

This isn’t a forecast. It’s a storytelling device designed to shift attention away from today’s revenues and make a 94-times-sales valuation appear reasonable.

"When the addressable market is 1,500 times current revenue, management is asking you to ...
Full story available on Benzinga.com

Billionaire Investor Backs Meta And Alphabet As AI Spending Surges

Lekha Gupta — Fri, 05 Jun 2026 16:06:12 +0000

Hedge fund billionaire Daniel Loeb added several mega-cap and technology companies to his Third Point LLC portfolio in the first quarter of FY26.

The investor placed his bets on Meta Platforms, Inc. (NASDAQ:META) and Alphabet Inc. (NASDAQ: GOOGL), acquiring 90,000 and 175,000 shares, respectively, in the quarter.

META: Recent Key Events

Meta posted first-quarter revenue of $56.31 billion, beating analyst estimates of $55.45 billion and adjusted earnings of $7.31 per share, beating estimates of $6.78 per share, according to Benzinga Pro.

The company expects second-quarter revenue of $58 billion-$61 billion versus estimates of $59.50 billion.

CEO Mark Zuckerberg said the company is increasing its infrastructure capital expenditure forecast for the year, citing higher component costs, particularly in memory pricing.

The company acquired Assured Robot Intelligence, a humanoid robotics startup, for an undisclosed sum, adding the team to its Superintelligence Labs research division as it advances its humanoid robotics ambitions.

The company is temporarily granting competing AI chatbot developers free access to WhatsApp in Europe as it seeks to resolve escalating antitrust concerns from EU regulators and avoid potentially billions in penalties.

Meta has started paying a limited group of creators in USDC (CRYPTO: USDC) via crypto wallets on the Solana (CRYPTO: SOL) and Polygon (CRYPTO: POL) blockchains, beginning with Colombia and the Philippines. The ...
Full story available on Benzinga.com

Dan Loeb Touted Semiconductors As The 'Most Attractive Sector' In AI Boom— But His Nvidia Sell-Off Tells A Different Story

Rishabh Mishra — Tue, 02 Jun 2026 11:31:08 +0000

Despite publicly praising Nvidia Corp.‘s (NASDAQ:NVDA) historic performance and the broader artificial intelligence (AI) sector, billionaire investor Dan Loeb's latest 13F filing reveals that his hedge fund, Third Point LLC, dumped nearly 90% of its stake in the semiconductor giant during the first quarter of 2026.

The ‘Monster Quarter’ Disconnect

Nvidia recently reported first-quarter revenue of $81.6 billion, an 85% year-over-year increase. CEO Jensen Huang touted the ongoing “buildout of AI factories” as “the largest infrastructure expansion in human history,” confidently declaring that “Agentic AI has arrived.”

Loeb seemingly agreed with this bullish sentiment in a recent podcast called ‘Invest Like The Best.’ He noted that unless investors expect the AI boom to “roll over,” semiconductors remain “the most attractive sector right now.”

Reflecting on historical price action, Loeb pointed out that Nvidia previously “had this monster quarter [and] people piled on.” Yet, Third Point’s trading activity tells a completely different story.

data-variant="card"
data-news-mode="manual"
>

Read Also:

Daniel Loeb's Third Point Loads Up On Chipotle, Constellation, Alibaba While Slashing TSM, Amazon in Q4 Shake-Up

A Sweeping Portfolio Overhaul

According to the latest SEC filings, Third Point drastically reduced its Nvidia holdings from about 2.95 ...
Full story available on Benzinga.com

Hedge Funds

Billionaire Investor Doubles Down On AI Trade, Adds Chip-Equipment Names

KLAC: Recent Key Events

Dan Loeb Calls Selling Palantir In The $20s A 'Huge Mistake:' 'I Missed A 10X'

The Pain Of Selling Too Early

SpaceX Is Selling A Planet‑Shifting Vision — The Profits Come From Wi‑Fi

Pricing The Story

Billionaire Investor Backs Meta And Alphabet As AI Spending Surges

META: Recent Key Events

Dan Loeb Touted Semiconductors As The 'Most Attractive Sector' In AI Boom— But His Nvidia Sell-Off Tells A Different Story

The ‘Monster Quarter’ Disconnect

A Sweeping Portfolio Overhaul