Soros Fund Management made a major shift toward chip stocks in the third quarter of 2026, increasing its Intel stake more than 27-fold to 2.83 million shares valued at $340.3 million and raising its Micron Technology holding 58.9% to 35,618 shares. The fund had held 100,000 Intel shares at the end of June. Intel shares fell sharply late last month after the company warned of severe cash burn tied to a faltering PC market, manufacturing bottlenecks and heavy production-expansion spending, although the stock remained up nearly 62% year to date on strong demand for AI data-center CPUs. The filing also showed the fund cut its Apple stake 25.7% to 393,680 shares and its ON Semiconductor holding 92.7% to 16,594 shares. The Intel position represented 4.0% of the fund’s total portfolio and was its largest holding in the latest filing. Micron shares were valued at approximately $38 million based on a price of $1,065 per share, following a 7.9-fold increase in the position during the second quarter to 22,422 shares. The changes were disclosed in Soros Fund Management’s 13F filing, made public on November 13, 2026, for positions held on September 30. The filing also showed exposure to Amazon, TSMC, Alphabet and Nvidia, while the existing report indicated that the firm reduced Nvidia by 19.3%, sold 205,813 shares, retained 858,822 shares worth roughly $196 million, and reduced Amazon and Apple exposure while adding to Intel and Meta Platforms. Nvidia represented 2.31% of the approximately $8.5 billion long-equity portfolio, down from 2.62% in the second quarter; the Q2 filing had also shown a 0.8% Nvidia reduction and put options covering 400,000 notional Nvidia shares. Because 13F data is backward-looking and excludes short positions, hedges and other instruments, the reported holdings may have changed between September 30 and publication.