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Billionaire Dan Loeb Reverses Course on Meta Amid AI Valuation Shifts
Billionaire Dan Loeb Reverses Course on Meta Amid AI Valuation Shifts
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BTCCSquare news:
Dan Loeb's Third Point executed a sharp pivot on Meta Platforms in Q2, repurchasing shares after a Q1 sell-off that targeted overvalued tech stocks. The hedge fund's $21.1 billion portfolio initially dumped Magnificent Seven positions—including complete exits from Meta—amid tariff-related market jitters and peak valuations reaching 26.5x forward P/E.
"We realized gains NEAR the highs," Loeb acknowledged in investor letters, highlighting Meta's ad-driven sensitivity to Trump-era trade policy uncertainties. The reversal suggests renewed confidence in Meta's AI infrastructure investments outweighing macroeconomic risks, though Loeb's team maintains selective exposure to crypto-adjacent tech plays.
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