Hedge Funds Shift Focus to AI Stocks, Says Goldman Sachs
TL;DR Summary
Goldman Sachs analyzed 707 hedge funds managing $2.7 trillion and found that funds are shifting from mega-cap tech stocks like Google, Amazon, Microsoft, Meta, and Nvidia to lesser-known AI beneficiaries. This rotation has led to hedge funds achieving an 8% return this year, with Goldman's VIP basket of hedge fund stocks outperforming the S&P 500. The top AI stocks now include Marvell Technology, TD SYNNEX, Apple, AES Corporation, and Littelfuse.
- The Top 10 AI Stocks Hedge Funds Are Buying: Goldman Sachs Business Insider
- Hedge funds cut stakes in Magnificent Seven to invest in broader AI boom MarketWatch
- GS lists some stocks mutual funds overweighted in Q1 in their hunt for AI exposure Seeking Alpha
- Hedge funds loaded up on financial and tech stocks in the first quarter—Here's what they picked CNBC
- Hedge funds cut exposure to the mega-cap tech stocks: Goldman Investing.com
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