Eight Billionaire Money Managers Sell Micron in Q2; Shift Focus to Taiwan Semiconductor
In the second quarter of 2026, eight billionaire money managers reduced or exited their positions in Micron Technology (NASDAQ: MU), despite its strong performance. The selling was likely driven by profit-taking after a significant stock price surge and historical patterns suggesting caution when memory providers trade at low forward P/E ratios with high pricing power. Meanwhile, several of the same billionaires increased investments in Taiwan Semiconductor Manufacturing Company (NYSE: TSMC). This shift reflects growing confidence in TSMC's role as a foundational player in AI data center infrastructure. The company holds 72% of global contract chip manufacturing and is expected to more than double its earnings per share between 2025 and 2027, according to Wall Street analysts.
Topics: 13F filings AI stocks billionaire investors stock sales