Hedge funds have been taking profits on the powerful rally in semiconductor stocks, particularly in US-listed chipmakers tied to the artificial intelligence (AI) boom, as investors reassess positioning amid rising geopolitical and China-related risks, according to a Goldman Sachs note report Bloomberg.
Goldman’s prime brokerage desk said hedge funds globally sold semiconductor shares at the fastest pace in nearly a year over the past week, with long selling far exceeding short covering. The redu...
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