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Billionaire Expands Micron Stake as AI Memory Crunch Accelerates Demand

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The Story

News Summary

  • Billionaire Philippe Laffont's Coatue Management massively expanded its Micron stake to 3.1 million shares in Q2.
  • Severe AI-driven memory chip shortages and sold-out capacity until at least 2028 continue to boost pricing power, reinforcing strong tailwinds across the broader artificial intelligence hardware supply chain.
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NVDA price history

210.96 +18.92% over the displayed period

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