US Stock Market | Hedge funds extend selloff in tech hardware stocks ahead of earnings: Goldman Sachs
US hedge funds cut exposure to technology hardware stocks for a fourth straight week ahead of the earnings season, amid weakness in semiconductor shares and concerns over AI-related spending. They also trimmed holdings in industrials and consumer discretionary stocks while increasing allocations to index funds, ETFs and defensive sectors.
US hedge funds cut exposure to technology hardware stocks for a fourth straight week ahead of the earnings season, amid weakness in semiconductor shares and concerns over AI-related spending. They also trimmed holdings in industrials and consumer discretionary stocks while increasing allocations to index funds, ETFs and defensive sectors.
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