Walleye Capital, a $17 billion hedge fund, announced it will restructure its stock-picking unit and return some capital after losing 5.9% in October, its worst month since March 2020. The fund's losses coincided with a sharp selloff in AI chip stocks like Micron, AMD, and KLA, though the selloff was not directly blamed for the fund's poor performance. Walleye plans to simplify its equity long-short strategy by cutting leadership and investment teams in that unit, while focusing more on volatility and quantitative strategies. Despite the selloff, fundamentals for AI chip companies remain strong, with solid revenue growth and optimistic guidance, though risks like supply-demand imbalances and higher memory costs persist.
Micron Technology leads with a market cap of $742.65 billion and a trading volume of 76,138,480 shares on Pluang as of Nov 06, 2026 23:21 WIB. Despite the hedge fund's October losses, Micron's stock gained 5.26% in the last day, while AMD and KLA also saw gains of 9.29% and 5.95% respectively. Pluang data shows a strong sell sentiment for Micron and AMD, with 83% and 86% of orders to sell, contrasting with a more balanced 53% sell activity for KLA.
Shares of major chipmakers like Nvidia, AMD, Micron Technology, Intel, Sandisk, and Broadcom surged on Friday, recovering from the sector's worst selloff in six years. Nvidia and AMD saw gains of over 5% and 11% respectively shortly after market open...
Following a sharp market selloff on November 5, analyst Jack Bowman remains optimistic about tech stocks, increasing his holdings in the Magnificent Seven ETF (MAGS) and semiconductor companies such as Micron Technology. The Semiconductor ETF (SMH) h...
Memory and storage stocks like SanDisk, Micron, and Western Digital surged between 8-10% after a sharp selloff triggered by political concerns over U.S. data center construction restrictions that could slow AI spending. Despite recent earnings beats,...
Micron Technology, a leading memory chip maker, has seen its stock triple recently due to booming AI demand, with fiscal 2026 revenue up 256%. Analysts predict an 85% upside for 2027, expecting revenue to double and earnings per share to nearly tripl...
Elon Musk's net worth dropped by nearly $80 billion in one day due to a 10.77% fall in Tesla's stock amid a broad tech market sell-off. Chipmakers like Micron and AMD also suffered steep losses despite strong earnings, driven by fears of political ch...
