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Hedge funds dumped chip stocks for a fourth week as AI shares sold off
LONDON, July 6 : U.S. hedge funds sold tech hardware stocks for a fourth week in a row, according to a client note from Goldman Sachs on Friday, in line with a recent decline in global chip shares and just before many of these companies will report earnings.Tech shares and especially semiconductors have prope
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thenextweb.com
AI chip stocks lost 12% in two days as investors hunted new winners
The PHLX Semiconductor Index sank 12% in two sessions while the Dow hit a record. Investors are rotating from AI chips to software as Q2 earnings approach.
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zerohedge.com
How Hedge Funds Started July: US Stocks Sold, As Tech Dumped For 4th Straight Week
Hedge funds sold US equities for a 3rd straight week, driven by long sales in Single Stocks partially offset by long buys in Macro Products...
