Reported about 8 hours ago
According to Goldman Sachs, hedge funds have exited U.S. tech and media stocks at the fastest rate in six months leading up to February 21. This surge in selling coincides with Nvidia's upcoming earnings report, which is a key indicator for the AI sector. Despite the sell-off in tech, hedge funds have increased investments in Asian markets, specifically in China, Taiwan, and Hong Kong, marking a shift in their trading strategies.
Source: YAHOO