Reported about 1 year ago
Global hedge funds sold U.S. TMT shares at the fastest rate since 2016 in June, with semiconductor stocks driving the trend, as reported by Goldman Sachs. This shift may suggest a bearish outlook on tech stocks following a strong rally in the first half of the year. The bank noted increased selling in semiconductors and software, while hedge funds raised positions in tech hardware and electronic equipment. Tech stocks, particularly AI chipmaker Nvidia, propelled S&P 500's performance, but hedge funds continued net selling equities for a third consecutive month, driven by short sellers.
Source: YAHOO