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

Jeff Yass is a billionaire investor best known for co-founding Susquehanna International Group (SIG). SIG is a powerhouse fund boasting nearly $60 billion in assets under management.According to SIG's latest 13F filing, the fund sold approximately 5.6 million shares in semiconductor darling Nvidia (NASDAQ: NVDA) during the third quarter -- reducing its stake by 29%. At the same time, Yass and his constituents increased SIG's position in Micron Technology (NASDAQ: MU), scooping up 2.2 million shares and increasing the fund's exposure by 46%.Below, I'm going to detail why I like this swap and see Yass' decision as a wise choice. Let's dig in. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool