Billionaire Jeff Yass' Susquehanna Just Reduced Its Position in Nvidia by 73%, and Is Buying This Other Artificial Intelligence (AI) Chip Stock Like There's No Tomorrow
MUMicron Technology(MU) The Motley Fool·2024-10-30 17:13

Susquehanna Investment Group trimmed its stake in Nvidia while increasing its position in Micron by 271%. Jeff Yass is the co-founder of institutional money manager Susquehanna International Group (SIG). SIG specializes in quantitative trading and holds positions across many leading technology stocks. While analyzing SIG's most recent 13F filing, I noticed something interesting. Namely, during the second quarter, the fund sold 52 million shares of Nvidia (NVDA 0.52%) -- reducing its position in the chip gia ...