UAE Sovereign Wealth Fund Adjusts US Stock AI Holdings, Exits Broadcom and Increases Positions in Micron and Palantir

The Mubadala Investment Company, a sovereign wealth fund of the UAE, has recently adjusted its US stock portfolio by completely exiting its positions in Apple, Salesforce, and Broadcom. Documents show that Mubadala still holds 65,326 shares of NVIDIA while increasing its stake in Palantir Technologies Class A shares by 40.4% to 95,656 shares. In the semiconductor sector, Mubadala slightly increased its holdings in Micron Technology by 3.0% to 45,451 shares and reduced its stake in GlobalFoundries by 5.5% to 399.6 million shares. This adjustment indicates that Mubadala is reducing its exposure to traditional large tech stocks and leading chipmakers while continuing to bet on AI infrastructure, data analytics software, and storage chips that benefit from the AI wave.

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