Billionaire Dan Loeb Just Sold Meta and Tesla Stocks and Piled Into This Hot AI Stock Up 1,500% Over the Past 5 Years

From Nasdaq: 2025-06-10 07:15:00

The S&P 500 has rebounded from year-to-date losses, now up 2%. Investors are cautious amid tariff uncertainties. Despite this, the stock market remains volatile, with some stocks outperforming while others lag behind.

Tesla (NASDAQ: TSLA) is down 27% in 2025 due to competition and internal issues. Hedge fund Third Point sold its Tesla and Meta Platforms (NASDAQ: META) shares, buying Nvidia (NASDAQ: NVDA) stock instead. Tesla’s future is uncertain, especially with Musk’s public feud with Trump.

Meta Platforms is thriving in social media and digital advertising, with 16% revenue growth and a 35% increase in net income in the first quarter of 2025. Loeb’s Third Point fund may sell Meta stock despite its success, potentially to invest in Nvidia, which has seen massive gains.

Nvidia stock, up 1,500% in five years, faced a dip earlier in the year. Despite this, it reported a 69% revenue increase in the first quarter of 2026 and strong demand for its Blackwell AI technology. With a forward P/E of 25, investors could find value in buying Nvidia stock now.



Read more at Nasdaq: Billionaire Dan Loeb Just Sold Meta and Tesla Stocks and Piled Into This Hot AI Stock Up 1,500% Over the Past 5 Years