Daniel Loeb's Successful Portfolio

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The Motley Fool

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Two stocks Daniel Loeb bought in the second quarter: Apple and Taiwan Semiconductor Manufacturing

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Daniel Loeb has been called " one of the most successful hedge fund managers of his generation" Third Point's largest new position during the second quarter was Apple (NASDAQ: AAPL) Loeb bought 1.95 million shares of Apple worth roughly $411 million .

Loeb believes the imminent release of Apple Intelligence -- a host of user features steeped in generative AI -- will drive "meaningful demand within Apple 's installed base".

The market for generative AI is expected to be worth between $2.6 trillion and $4.4 trillion annually over the coming decade .

The economic recovery and adoption of AI will provide multiple tailwinds to drive TSMC higher.

Consider when Nvidia made this list on April 15, 2005 ... if you invested $ 1,000 at the time of our recommendation, you’d have $ 731,449 !.

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