8 Billionaire Money Managers Dumped Micron in the Second Quarter, With Several Favoring This Foundational AI Stock Instead

Published August 24, 2026 · Category: Finance

Overview

Although earnings season -- the six-week period where a majority of S&P 500 companies report their operating results -- is often considered the pinnacle of each quarter, don't overlook the importance of quarterly Form 13F filings with regulators. A 13F provides investors with a snapshot of the stocks that Wall Street's savviest money managers bought and sold in the latest quarter.

Artificial intelligence (AI) stocks remained a popular trade for billionaire asset managers during the second quarter. According to Aug. 14-filed 13Fs, more than a half-dozen billionaire investors dumped shares of Micron Technology (NASDAQ: MU), while several others piled into world-leading chip fabrication company Taiwan Semiconductor Manufacturing (NYSE: TSM).

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Originally published at www.fool.com.

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