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Billionaire Dan Loeb of Third Point Dumped Nvidia, Broadcom, and Meta, but Increased His Stake in This Virtual Monopoly by Almost 500%
The Motley Fool·
Billionaire investor Dan Loeb's Third Point fund sold positions in AI stocks Nvidia, Broadcom, and Meta during Q2 2026, likely for profit-taking reasons. Meanwhile, Loeb dramatically increased his Alphabet stake by 489%, attracted by the company's dominant search monopoly, YouTube ownership, and strong AI growth in Google Cloud, which saw 82% revenue growth.
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