MU Gets Booted Out
The last quarter saw Man GLG run for the hills on Micron. How negative is the hedge fund firm on MU? Man GLG sold off its entire position in the chip giant- all 365,317 remaining shares.

It seems word on the Street- at least over at Goldman Sachs- aligns with Man GLG’s bearish MU play.

Here’s why Delaney has turned to the sidelines. Delaney sizes up a “snowballing” dip in memory chip demand; the kind of “effect” that usually circles for various quarters.

Bottom line, the now sidelined analyst forecasts in a worse-case scenario, shares of MU stumble down to $20- and DRAM and NAND weakness suggests Micron has odds to underwhelm the Street’s current 2019 numbers by 31%. Delaney is wary on Micron’s gross margins through the middle of next year.

Dialing Up a Notch in AMD
In the second quarter, Man GLG fired up bullish confidence on AMD, adding another 1,365,974 shares. Now, the hedge fund firm owns 1,530,407 shares in AMD worth $15,732,000- an upbeat 831% boost.