Hedge fund titan Steve Mandel goes all-in on AI, pumps $100 million more into his favorite tech stock; here's why he is so bullish on it
- Posted on February 25, 2025
- By Business News Today
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Hedge fund titan Steve Mandel goes all-in on AI, pumps $100 million more into his favorite tech stock; here's why he is so bullish on it
Steve Mandel of Lone Pine Capital added $100 million more to his investment in Meta Platforms, totaling $1.19 billion. Meta is focusing on AI, set to invest $60-$65 billion this year. The company plans to develop advanced AI and VR technologies by 2025. Despite rising stock value, Mandel sees Meta as a good investment.
