Notable institutional investors bought a net 40.9 million shares in the cloud provider in the fourth quarter, according to a CNBC analysis of data from Verity.
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Wall Street has been enamored with the “Magnificent Seven,” as the group pushes the broader stock market to all-time highs.
The Boston-based hedge fund manager took a new position in the hyperscaler amounting to $489.7 million.
These 'shared favorites' appear prominently across long-only and hedge fund portfolios despite the recent market volatility.
"We are flagging a few stocks that are heavily mentioned on Social Media and have high Retail buying as well as high Hedge fund…
These stocks are loved by both mutual funds and hedge funds, which typically have very different equity positions.
Shares of all but two stocks in the "Mag 7" are in the red this year as worries mount about tech giants' soaring AI-fueled capex…
