The New York-based company, whose investments are closely watched by its rivals, also said that some technology stocks often described as “old” like Intel “deserve a second look”.
Third Point, which manages around $18 billion, has invested in Intel and Amazon for a while, but said it had “significantly increased” the size of its investment in Amazon recently, betting the new management will push ahead. the company with new initiatives.
Third Point founder, billionaire investor Daniel Loeb, spoke about the moves in a letter sent to shareholders on Wednesday evening and seen by Reuters.