Reported 8 months ago
Billionaire investor Paul Tudor Jones recently disclosed a new position in Micron Technology, a memory chipmaker known for its volatility but gaining traction due to the rise of artificial intelligence. Jones's investment likely stemmed from Micron's partnership with Nvidia for high-bandwidth memory semiconductors, leading to a 75% stock surge in 2024. While Micron's financials show signs of improvement, its increasing valuation and record-high stock price suggest caution for investors considering following Jones into this stock, as a change in sentiment could lead to a significant decline.
Source: YAHOO