Billionaire Jeff Yass reduced Nvidia stake by 29% and increased Micron position by 46%

From Nasdaq: 2024-11-27 07:45:00

Jeff Yass, billionaire investor and co-founder of SIG, sold 5.6 million shares of Nvidia, reducing the stake by 29%, but increased Micron position by 46%. Despite Nvidia’s dominance, with a 786% increase in shares over two years, Yass sees Micron as a savvy move due to rising demand for storage and memory solutions.

As Nvidia’s growth may slow down with emerging alternative chips, Yass believes Micron’s unique position in storage and memory chips presents breakout growth potential. SIG’s pivot to Micron reflects a strategic move towards long-term AI infrastructure investments, aligning with the evolving semiconductor landscape and the future of AI-powered products and services.



Read more at Nasdaq: Billionaire Jeff Yass Reduced Susquehanna’s Stake in Nvidia by 29% and Bought 2 Million Shares of This Other Artificial Intelligence (AI) Semiconductor Stock Instead