Billionaire Israel Englander Sold 40% of Millennium's Stake in AT&T and Is Piling Into This Troubled Artificial Intelligence (AI) Stock Instead
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Billionaire Israel Englander's Millennium has sold 40% of its stake in AT&T, shedding nearly 9 million shares, and is investing in a controversial AI stock instead.
November 05, 2024 | 12:30 pm
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Millennium has sold 40% of its stake in AT&T, indicating a potential lack of confidence in the stock's future performance.
The sale of a significant portion of AT&T shares by a major investor like Millennium could signal a lack of confidence in AT&T's future performance, potentially leading to a short-term negative impact on its stock price.
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