According to a report by The Wall Street Journal, billionaire investor Dan Loeb recently reduced his stake in semiconductor manufacturing company TSMC by nearly 29%, and shifted his focus to another trillion-dollar artificial intelligence (AI) company. This move has drawn widespread attention from the market, according to third-party quarterly 13F filings.

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In the past year, Loeb's fund Third Point has actively reduced its holdings in TSMC. According to recent 13F filings, Loeb has sold 595,000 shares of TSMC between the end of June 2024 and early 2025, reducing his stake in the company. Currently, Third Point still holds about 1.43 million shares of TSMC, making it the fifth-largest holding. The stock price of TSMC has risen by approximately 65% over the past year, which may have prompted Loeb to take profits.

In addition to reducing TSMC, Loeb has also turned his attention to the field of artificial intelligence. He did not hold any shares of Nvidia at the beginning of 2025, but purchased 1.45 million shares in the first quarter and 1.35 million shares in the second quarter. Now, Nvidia has become the third-largest holding in Loeb's fund. Loeb's preference for Nvidia is due to the company's leading position in the graphics processing unit (GPU) market for AI acceleration data centers, with strong demand for its latest Hopper and Blackwell series chips.

However, despite Loeb's optimistic view on Nvidia, future investment returns remain uncertain. Historical experience shows that many emerging technologies face the risk of bubble bursts in their early stages, and investors often overestimate the early practicality and adoption rate of new technologies. In addition, increased competition could also put pressure on Nvidia's market position, especially as many customers begin to develop their own AI-GPUs, which may affect Nvidia's market share.

Key points:

🌟 Dan Loeb reduced his stake in TSMC by 29% and shifted his focus to the field of artificial intelligence.  

📈 Third Point currently holds about 1.43 million shares of TSMC, making it the fifth-largest holding.  

🤖 Loeb's newly acquired Nvidia has become the third-largest holding in his fund, attracting investors' attention due to its leadership in the AI market.