Major U.S. stock indices ended the week in the red Friday, with the S&P 500 dropping 1% amid a broad semiconductor selloff

Hedge funds reduced AI exposure to its lowest level of the year as concerns mount over whether $650 billion in annual hyperscaler spending is sustainable.

Jul 20, 2026 - 07:00
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Major U.S. stock indices ended the week in the red Friday, with the S&P 500 dropping 1% amid a broad semiconductor selloff
Hedge funds reduced AI exposure to its lowest level of the year as concerns mount over whether $650 billion in annual hyperscaler spending is sustainable.

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