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Billionaire Dan Loeb Just Bought 1 Shocking Stock

Loeb is selling AI stocks for a big dividend payer.

By Travis Hoium – Apr 13, 2024 at 5:09AM EST

Daniel Loeb is a well-known hedge fund investor who often takes activist positions in companies to push for change. Last quarter, he was selling artificial intelligence (AI) stocks and took a sizable position in an overlooked dividend stock. Travis Hoium covers the details in this video.

*Stock prices used were end-of-day prices of April 9, 2024. The video was published on April 10, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and Verizon Communications. The Motley Fool has positions in and recommends Alphabet, Amazon, Danaher, Meta Platforms, Microsoft, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends T-Mobile US and Verizon Communications and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

Travis Hoium is an affiliate for The Motley Fool and may be compensated for promoting his services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Verizon Communications Stock Quote
Verizon Communications
NYSE: VZ
$46.78
(+3.89%)+$1.75
Microsoft Stock Quote
Microsoft
NASDAQ: MSFT
$420.28
(+2.20%)+$9.06
T-Mobile US Stock Quote
T-Mobile US
NASDAQ: TMUS
$197.04
(+3.60%)+$6.85
Meta Platforms Stock Quote
Meta Platforms
NASDAQ: META
$676.87
(+0.79%)+$5.29
Alphabet Stock Quote
Alphabet
NASDAQ: GOOGL
$336.08
(-0.31%)-$1.04
Amazon Stock Quote
Amazon
NASDAQ: AMZN
$249.24
(+0.30%)+$0.74
Taiwan Semiconductor Manufacturing Stock Quote
Taiwan Semiconductor Manufacturing
NYSE: TSM
$363.26
(-3.16%)-$11.84
PG&E Stock Quote
PG&E
NYSE: PCG
$17.36
(-0.17%)-$0.03
Danaher Stock Quote
Danaher
NYSE: DHR
$193.78
(-2.20%)-$4.36

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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