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The Billionaire Move Nobody Saw Coming: Why Starboard Value Abandoned CRM For These 2 Stocks
Key takeaways
- Riot Platforms surged 90% year to date anchored by a $636 million AMD lease, while Trip Advisor quietly logged $3.3 million in activism costs.
- Smith s pattern targets distressed stocks with cost-cutting catalysts.
- Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Salesforce didn t make the cut.
The Billionaire Move Nobody Saw Coming: Why Starboard Value Abandoned CRM For These 2 Stocks Joel South Sat, June 13, 2026 at 8:00 PM GMT+7 3 min read CRM RIOT AMD LW TRIP Quick Read Jeff Smith exited CRM after activist pressure delivered a $25 billion buyback and strong EPS beats, then pivoted into distressed LW and KMX.
Riot Platforms surged 90% year to date anchored by a $636 million AMD lease, while Trip Advisor quietly logged $3.3 million in activism costs.
Smith s pattern targets distressed stocks with cost-cutting catalysts. KMX has already rallied 26% as new CEO Keith Barr raised SG&A savings to $200 million.
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