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Renaissance Sells Micron Amid AI Surge | Raleigh News
Renaissance Technologies, the math-savvy hedge fund, dumped nearly $500 million in Micron stock just as its price hit an all-time high after a 600% surge — a classic profit-taking move by algorithms spotting peak valuation. It’s not a bearish call on Micron’s future, but a risk-reward recalibration. Joining them, Bridgewater and Appaloosa also trimmed stakes, signaling smart money is locking in gains after a wild ride. Meanwhile, Soros and Coatue stepped in, betting Micron’s AI-driven memory boom is real — backed by record earnings. For long-term believers, this could be a buying opportunity…
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