Loeb Bets Big on Magnificent Seven AI Leaders, Sees Huge Upside for Microsoft, Amazon, and Meta
-
Daniel Loeb's hedge fund Third Point has 27% of its portfolio in 7 "Magnificent Seven" stocks that are AI leaders Nvidia, Meta, Tesla, Amazon, Alphabet, Microsoft, and Apple.
-
Loeb sees generative AI as transformative and compares it to the Industrial Revolution in terms of economic impact.
-
Loeb's top 3 holdings are Microsoft (11.5% of portfolio), Amazon (9.7%), and Meta Platforms (6.2%). He believes all 3 have huge upside potential from AI.
-
Loeb completely sold out of his Alphabet position in Q4 for unspecified reasons, while trimming Microsoft and Amazon slightly.
-
Loeb believes cloud infrastructure providers like AWS and Azure are "picks and shovels" of the AI gold rush and will benefit tremendously.