Israel Englander Sells AT&T Stake
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brightest investment mindsThe Motley Fool
•Billionaire Israel Englander Sold 40% of Millennium's Stake in AT&T and Is Piling Into This Troubled Artificial Intelligence (AI) Stock Instead
79% Informative
Billionaire Israel Englander sold 40% of Millennium 's stake in AT&T and is piling into a troubled artificial intelligence ( AI ) stock instead.
Englander's Millennium Management is dumping shares of an ultra-high-yielding outperformer.
Despite shares of the company rallying by 49% on a trailing-12-month basis, Englander has sent roughly 40% to the chopping block this year .
On paper, Super Micro Computer looks like nothing short of a no-brainer buy.
Sales jumped 110% to $14.94 billion in its most recent fiscal year , with a range of $26 billion to $30 billion in revenue forecast for the current year .
The bigger issue looks to be the alleged trustworthiness of the company's financial statements.
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