Reported about 1 month ago
Billionaire investor Daniel Loeb, founder of Third Point, has made significant investments in Apple and Taiwan Semiconductor Manufacturing Company (TSMC) during the second quarter. Loeb acquired 1.95 million shares of Apple, emphasizing its compelling valuation and growth potential, particularly with upcoming AI advancements. Additionally, he increased his stake in TSMC, predicting strong earnings growth due to robust demand for semiconductors and an anticipated recovery in the smartphone market.
Source: YAHOO