Billionaire Steve Mandel Just Bought $100 Million More of His Top Artificial Intelligence (AI) Stock Pick
Investors should take notice when billionaires continue to add to their top holdings. This indicates that their top pick is either attractively priced or has the potential for massive growth.Steve Mandel's firm, Lone Pine Capital, has clear confidence in Meta Platforms (NASDAQ: META). The firm added 146,000 shares to its stake in Meta, which is valued at over $100 million at today's prices. That brings its total stake to nearly 9% of its investing portfolio, with a position size of $1.19 billion.Clearly, that's a bullish bet on Meta, but what does Mandel see in the stock that makes him so bullish?Continue reading
Investors should take notice when billionaires continue to add to their top holdings. This indicates that their top pick is either attractively priced or has the potential for massive growth.
Steve Mandel's firm, Lone Pine Capital, has clear confidence in Meta Platforms (NASDAQ: META). The firm added 146,000 shares to its stake in Meta, which is valued at over $100 million at today's prices. That brings its total stake to nearly 9% of its investing portfolio, with a position size of $1.19 billion.
Clearly, that's a bullish bet on Meta, but what does Mandel see in the stock that makes him so bullish?
