BlockBeats news, on May 30, Dan Loeb, founder of Third Point and a hedge fund manager overseeing $24 billion, expressed strong bullish sentiment toward AI, stating that the current AI boom is fundamentally different from the internet bubble. Loeb noted that major tech companies have collectively announced investments exceeding $700 billion this year and over $1 trillion next year in AI infrastructure. These companies are generating robust profits and substantial cash flow, enabling most of these expenditures to be funded internally. “If you don’t believe these capital expenditures will generate returns, you’re essentially saying they’re flushing money down the toilet—which is very different from the internet bubble; we shorted that bubble and made solid returns during those years.” Loeb emphasized that he sees no valuation bubble at present.
Loeb cites Anthropic as evidence for his optimistic outlook: its latest funding valuation has reached $965 billion, up from $380 billion in February, with annualized revenue surging from $14 billion to $47 billion over the same period. Product adoption and practical utility are growing rapidly, and its upcoming new model is highly anticipated. “You can make a compelling case that we’ve only just scratched the surface of the AI boom, and enterprise applications are only beginning to take off—I stand firmly on the side of optimism,” said Loeb. As of the end of March, Third Point’s latest holdings include Amazon, Alphabet, Meta, and NVIDIA among its largest positions.