Activist investor Dan Loeb’s fund acquires 110,000 shares of semiconductor equipment firm KLA amid AI-driven chip manufacturing growth.
Third Point, the hedge fund managed by activist investor Dan Loeb, disclosed a new $16.20 million stake in KLA Corp., purchasing 110,000 shares. The move aligns with Loeb’s pivot toward AI-exposed stocks, leveraging KLA’s dominant role in semiconductor process control and inspection equipment.
KLA holds a 58% global market share in process control, critical for chipmakers as geometries shrink to 2nm. The company targets $26 billion in revenue by 2030, reflecting a 13–17% CAGR, with EPS growth projected at 34% in FY2027. Hyperscalers’ $725 billion AI infrastructure spending in 2026 is expected to drive demand for KLA’s equipment.
The position ranks among Loeb’s top AI stock picks, signaling confidence in KLA’s growth trajectory amid rising semiconductor tailwinds.