Daniel Loeb‘s Third Point is leaning further into the artificial intelligence trade, building positions in chip-equipment makers KLA Corporation (NASDAQ:KLAC), ASML Holding N.V. (NASDAQ:ASML), and Lam Research Corporation (NASDAQ:LRCX), acquiring 11,000, 12,000, and 75,000 shares, respectively, in the first quarter.

Asked about megacap tech on a recent episode of the Invest Like the Best podcast, the Third Point founder said the “setup is great.” “Unless you are really draconian or negative and you think that somehow the AI world is going to roll over in ’31 or ’32, I think it’s the most attractive sector right now,” Loeb said. “It’s where the bulk of our capital is invested.”

KLAC: Recent Key Events

KLAC reported its fiscal third-quarter 2026 results, beating expectations on both revenue and earnings. The company posted revenue of $3.42 billion, compared with the $3.37 billion estimate, and adjusted earnings per share of $9.40, ahead of the $9.14 forecast.

It expects fiscal fourth-quarter revenue to be in the range of $3.38 billion to $3.78 billion versus estimates of $3.54 billion, according to Benzinga Pro.

The company also anticipates fourth-quarter adjusted earnings of $8.87 to $10.87 per share versus estimates of $9.80 per share.

Needham lifted its price forecast to $2,000 (Buy), Wells Fargo to $2,100 (Overweight), RBC Capital to $1,700 (Sector ...