Third Point's Loeb Dismisses AI Bubble Concerns, Anthropic Valuation Surges to $96.5B

According to BlockBeats, on May 30, Third Point founder Dan Loeb dismissed concerns over an AI bubble, stating that mega-cap tech firms investing over $700 billion this year and over $1 trillion next year in AI infrastructure can sustain spending through strong internal cash flows. "If you don't believe capex will generate returns, that's like flushing money down the toilet," Loeb said, contrasting the current AI boom with the internet bubble era when he profited from shorting valuations.

Loeb cited Anthropic as evidence, noting its valuation jumped from $38 billion in February to $96.5 billion at latest financing, while annualized revenue surged from $14 billion to $47 billion over the same period. Third Point's March holdings included Amazon, Alphabet, Meta, and Nvidia.