#dan loeb Tech News.
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Billionaire Dan Loeb opened a new position in KLA Corp. (NASDAQ:KLAC) with 110,000 shares valued at approximately $16.20 million. KLA holds a 58% global market share in semiconductor process control equipment. The company targets $26 billion in revenue by 2030 with a 13-17% CAGR.
Billionaire Dan Loeb bought 869,563 shares of Hut 8, valued at approximately $40.79 million, during the March quarter. Hut 8 is transitioning from Bitcoin mining into AI data center infrastructure, owning power and land assets leased to hyperscalers on long-term contracts. Beacon Point in Texas has a $9.8 billion contract with Google.
Billionaire Dan Loeb added 175,000 Alphabet shares worth $50.32 million in Q1. Google Cloud's contracted backlog surged 93% sequentially to $462.3 billion in Q1 2026. Cloud revenue grew 63% year-over-year, outpacing Azure at 40% and AWS at 28%.
Billionaire Dan Loeb opened a new position in Meta Platforms, buying 90,000 shares valued at approximately $51.49 million in the first quarter. Meta plans to spend at least $600 billion on AI infrastructure through 2028. The average price per ad grew 12% year-over-year in Q1 2026.
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