Gerstner cuts Altimeter’s stock exposure despite praising Meta’s AI plans
Brad Gerstner, CEO of Altimeter Capital Management, publicly defended Meta Platforms as a high-conviction AI bet during a CNBC interview on September 24. He called Meta’s Muse agent the company’s next ‘10x moment’ and argued the U.S. AI lead will grow with new compute capacity. Yet Altimeter reduced its overall market exposure from ‘large’ to ‘medium’—not due to AI doubts, but because bond…
Key points
- Brad Gerstner praised Meta’s **Muse agent** as a ‘next 10x moment’ in AI during a CNBC interview on September 24
- Altimeter cut its overall market exposure to ‘medium’ due to 10-year Treasury yields crossing 5% and mortgage rates topping 7%
- Meta’s stock rose 31% in the past month to $748.53 but remains 1% below its year-ago level
Model page: Muse →
The story so far
3 episodes →- Gerstner cuts Altimeter’s stock exposure despite praising Meta’s AI plansthis story
Meta’s Loudest AI Bull Just Cut His Own Stock Exposure and It Is Not Because of AI
247wallst.com · 24 September 2026
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