Billionaire Israel Englander Sells Sandisk Stock and Buys Another AI Memory Stock (Hint: Not Micron)
Israel Englander bought Everpure stock in the first quarter, a lesser-known company poised to benefit as the AI boom creates demand for high-performance storage.
Overview
Billionaire Israel Englander is the founder and CEO of Millennium Management, the fourth most successful hedge fund in history as measured by net gains since inception. In the first quarter, Englander made the following trades:
At first glance, those trades are somewhat surprising because Sandisk shares have advanced 3,600% in the past year, while Everpure shares have added 36%. Here's what investors should know.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
- As AI spending concerns grow, here’s the bet to make ahead of critical stress test, says veteran Jefferies strategist
- My insurance company said my roof lost a few tiles. Loss adjusters found $10,000 in storm damage. How could this happen?
- The Bond Market Is Sending a Terrifying Message to SpaceX -- but Is Anyone Listening?
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.