Loeb Rebuts Bubble Theory: Investing in AI Is Far From Flushing Money Down the Toilet, We've Just Scratched the Surface of the Trend
May 30 – Dan Loeb, founder of Third Point and manager of a $24-billion hedge fund, is sounding bullish on artificial intelligence, arguing today’s AI boom is fundamentally different from the dot-com bubble era.
Loeb emphasizes that major tech companies have pledged a combined $700 billion in AI infrastructure spending this year, with plans to invest another $1 trillion next year. Unlike the dot-com days, he notes these firms boast strong profits and massive cash flows, so nearly all of this spending is funded by their own resources.
“To think this capital expenditure will deliver no returns is like saying they’re flushing money down the toilet — that’s not how the dot-com bubble played out. We shorted that bubble back then and turned a decent profit,” Loeb stated, adding he does not see a valuation bubble forming in AI right now.
He cites Anthropic as a key example supporting his optimistic outlook: the AI startup’s latest financing round values it at $965 billion, up from $380 bill
2 minutes ago
The Whale Evaded an On-Chain Long of $31.88 Million in Tech Stocks, Holding Positions in Microsoft and Oracle
May 30 — On-chain analyst Ai Auntie (@ai_9684xtpa) notes that the whale known as Evaded closed out short positions on Ethereum (ETH) and Bitcoin (BTC) yesterday, locking in a profit of $1.808 million. The trader then opened 10x-leveraged long positions on Microsoft (MSFT) and Oracle (ORCL), taking the top spot for largest positions in both assets on Hyperliquid. As of now, this trade has generated $0.897 million in unrealized gains, with their total long position in tech stocks totaling $31.88 million.
2 minutes ago
Grayscale Bullish on Hyperliquid: The Future Financial Giant, Blueprint for On-chain Global 24/7 Financial Market
May 30 — Grayscale has voiced strong confidence in Hyperliquid in its latest report, arguing the crypto protocol is evolving beyond a pure cryptocurrency perpetual trading platform to become a broader blockchain financial infrastructure, with the potential to emerge as a "financial services giant."
The firm projects Hyperliquid will generate roughly $800 million in annual revenue by 2025, handle $29 trillion in perpetual futures trading volume, boast around $7 billion in current open interest, and is rapidly gaining market share among decentralized crypto platforms.
Beyond competing with centralized exchange giants like Binance in the crypto perpetual futures space, Hyperliquid is expanding via its HIP-3 and HIP-4 frameworks to offer tokenized stocks, commodities, and prediction markets—all with 24/7 continuous trading, directly challenging Wall Street’s traditional limited trading windows.
Grayscale’s report underscores Hyperliquid’s open architecture, which lets developers launch
2 minutes ago
HYPE Surpasses $68, Hits New All-Time High, Surging Over 50% in the Past Two Weeks
On May 30, HTX market data shows HYPE has surged past $68 to hit a new all-time high, currently trading at $68.5 — up more than 10.4% in the last 24 hours and over 50% over the past two weeks.
Its current market cap stands at $15.2 billion, putting it at No. 11 in global cryptocurrency market capitalizations, while its fully diluted valuation (FDV) has climbed to $65.4 billion.
Separately, two opposing whale traders — "Trader Loracle" and "0x082" — hold large unrealized gains and losses: "Trader Loracle" has a $114 million short position, posting an unrealized loss of $36.6 million, while "0x082" holds a $94 million long position, notching an unrealized gain of $40.69 million.
2 minutes ago
Whale "lovelystuff" Predicts $4.02 Million Bet on Arsenal to Win Tonight's Champions League Final
Per EmberCN’s monitoring, Polymarket whale "lovelystuff" has wagered $4.02 million on Arsenal to win this morning’s Champions League final. If his bet hits, he’ll net $3.62 million in winnings.
The whale is confident Arsenal will hold firm to claim victory until the final whistle. On May 24, he placed a bold $2.13 million bet on Arsenal defeating Crystal Palace, and walked away with $1.95 million in profit. If Arsenal takes home the Champions League title tonight, lovelystuff will have three straight correct predictions under his belt, with total earnings topping $5.57 million.
2 minutes ago
Bank of America: Market Hoping for AI Popularization Similar to China Joining WTO, Global Corporate Earnings Have "Decoupled from Fundamentals"
May 30. Bank of America Securities’ latest research note notes that the unusual disconnect between global stock markets hitting all-time highs and traditional macroeconomic fundamentals stems entirely from corporate profit forecasts. The MSCI Global Index’s 12-month forward earnings per share (EPS) has climbed 9% over the past three months, translating to an annualized growth rate of nearly 40%. The S&P 500’s three-month EPS momentum has jumped to 12%—its highest level in four decades. Yet, the global Purchasing Managers’ Index (PMI) has kept falling to a two-year low of roughly 50.5. Even more crucially, roughly two-thirds of this latest round of earnings upgrades are tied to rising profit margin forecasts, with forward 12-month consensus profit margins hitting all-time highs of 13.9% in Europe and 11.4% globally, respectively.
Bank of America frames this gap as analogous to China’s 2001 WTO accession: at that time, over a billion workers joined the global economy, crimping the barga
2 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
