We just covered the 12 Best Stocks to Invest In According to Jim Simons’ Renaissance Technologies and Roblox Corporation (NYSE:RBLX) ranks 12th on this list.
Roblox Corporation (NYSE:RBLX) has featured in the 13F portfolio of Renaissance Technologies since the second quarter of 2021. Back then, this position comprised 754,000 shares and was sold off by the next quarter. A new position was then disclosed in the fourth quarter of 2021, comprising 5.4 million shares. Since then, the stock has been a mainstay in the portfolio of the fund. By mid-2022, the fund had grown this stake to 11.5 million shares. Thereafter, it trimmed the holding, bringing it down to around 4.3 million shares by the middle of 2024. Filings for the first quarter of 2026 show that the fund owned 7.1 million shares in the firm, up over 7% compared to filings for the previous quarter.
Roblox Corporation (NYSE:RBLX) operates an immersive platform for connection and communication in the United States and internationally. The stock has suffered in recent weeks after management slashed full-year 2026 bookings guidance down to a range of $7.33 billion–$7.6 billion, from an initial $8.28 billion–$8.55 billion forecast, citing short-term friction from newly implemented child-safety and age-verification protocols. However, elite investors are looking past this to examine the raw infrastructure metrics. In Q1 2026, Daily Active Users surged 35% year-over-year to 132 million, proving that the core network of the platform remains incredibly strong. Q1 2026 bookings actually grew 43% year-over-year, and the company posted $1.4 billion in Q1 revenue, beating baseline structural expectations.
While we acknowledge the potential of RBLX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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