AI Fund Forced to Sell Micron and SanDisk Positions, Citing Leverage
An AI fund’s leveraged portfolio was forced to sell, with the shortfall attributed to market cyclicality and price moves that can outrun normalized earnings. The piece notes Wells Fargo and Soros sharply increased positions in SanDisk and Micron based on Q2 13F filings, and cites an Aug. 14 settlement where 7.68 million SanDisk shares were sold short and Micron holdings were about 4.8 million shares.