"Dan Loeb's Latest Investment: Unveiling the 'Magnificent Seven' Stock"

Billionaire investor Dan Loeb reduced his stakes in Amazon and Microsoft in the fourth quarter of 2023, while increasing his position in Meta Platforms. Despite the impressive gains of Amazon and Microsoft, Loeb likely wanted to take some profits and avoid over-concentration in a few stocks. His bet on Meta Platforms seems to be paying off, as the stock has surged since the end of 2023. The long-term outlook for Amazon, Microsoft, and Meta Platforms remains positive, with their AI-related businesses expected to drive growth.