Billionaire Cliff Asness Sold 92% of AQR's Stake in Taiwan Semiconductor and Is Piling Into This Scorching-Hot Ultra-High-Yield Dividend Stock
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Cliff Asness's AQR Capital Management has sold 92% of its stake in Taiwan Semiconductor, a major player in AI, and is investing in a high-yield dividend stock with a 9% yield.
November 06, 2024 | 9:30 am
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AQR Capital Management has significantly reduced its stake in Taiwan Semiconductor, indicating a potential shift in investor sentiment towards the company.
The sale of 92% of AQR's stake in Taiwan Semiconductor suggests a lack of confidence in the company's short-term prospects, potentially leading to a negative impact on its stock price.
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