Founded by Ray Dalio, the world's largest hedge fund of Bridgewater **** ociates executed one of its most decisive semiconductor exits during the second quarter. According to its latest 13F filing, the firm slashed its stake in Micron Technology (MU) by approximately 92%, selling roughly 1.36 million shares and retaining only about 110,000 to 117,000 shares.
Still, the filing should not automatically be interpreted as a bearish call on Micron's business. The reduction came after Micron shares had already delivered one of the market's most powerful runs of the year, climbing 225% year-to-date (YTD) through mid-August. That advance reflected surging demand for high-bandwidth memory and advanced DRAM tied to the AI buildout.
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Still, the filing should not automatically be interpreted as a bearish call on Micron's business. The reduction came after Micron shares had already delivered one of the market's most powerful runs of the year, climbing 225% year-to-date (YTD) through mid-August. That advance reflected surging demand for high-bandwidth memory and advanced DRAM tied to the AI buildout.
Barron Trump, 20, Now Worth $150 Million — More Than Mom, Melania — From Crypto And $39 Energy Drink
Billionaire Michael Saylor Warns Against Buying a House Because 'Every 36 Years You Actually Pay the Cost of the House in Tax to the Government'
QQQ Just 'Gamma Flipped' as Market Makers Were Forced to Sell. Here's What Our Top Chart Expert is Tracking Next.
#shares #million #bridgewater
2 months ago
