Englander’s Millennium dumps AT&T shares, embracing risky AI stock Super Micro amidst controversy over its financial practices.
Israel Englander’s Millennium Management has recently sold nearly 9 million shares of the popular income stock AT&T, focusing instead on a controversial AI company, Super Micro Computer. Despite AT&T’s impressive gains, including a 49% total return, concerns over rising legal costs and a premium stock valuation prompted the sell-off. Meanwhile, Millennium significantly increased its stake ...
