Appaloosa Management's First-Half Return Surpasses 32% on Micron and AI Memory Bets
Hedge fund Appaloosa Management returned over 32% in the first half of the year, driven by investments in companies like Micron Technology (NASDAQ:MU), which is benefiting from demand for memory chips used in artificial intelligence applications. The $23 billion firm reportedly generated all its gains during Q2.
Tickers: $MU
Topics: hedge funds memory-chip sector returns