Jim Simons' Renaissance Technologies Cuts AI Stock Position

Famed quantitative investment firm Renaissance Technologies, founded by Jim Simons, has reduced its position in a surging AI chipmaker by $486 million despite the stock's strong rally.

20 Aug, 19:33 — 20 Aug, 19:33

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thestreet13h ago

Jim Simons Renaissance cuts $486 million from surging AI stock

The famed quantitative investment firm reduced its MU position despite the chipmaker's powerful rally and growing exposure to the AI boom.

By Mwangi Enos

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Jim Simons' Renaissance Technologies Cuts AI Stock Position

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Jim Simons Renaissance cuts $486 million from surging AI stock

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