Starboard Value's Jeffrey Smith has called artificial intelligence "an enormous opportunity," and there are hints of his enthusiasm in his latest, quarterly 13F filing to SEC. The activist investor drastically increased his stake in Wix.com , making it his ninth-biggest holding at the end of June. Wix.com, whose shares have gained more than 15%, is a web development platform enabling businesses to take workflow online.
maybe you talk about cryptocurrency blockchain and then you might talk about AI." During the last quarter, the hedge fund manager trimmed his holding in Salesforce , the customer relations management software company that he famously took an activist stake in in 2022. Shares of Salesforce have rallied nearly 60% this year. The hedge fund manager said there's more room for Salesforce to grow and the stock can rally another 30% on the back of the AI boom.