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hedge funds rapidly exit tech stocks amid looming tariff concerns
Hedge funds rapidly sold off tech stocks last week, marking the fastest pace in six months and the highest levels in five years, as concerns over impending tariffs and potential recession grew. The tech sector, particularly AI-related hardware, saw significant net selling, with hedge fund exposure now at a five-year low. Major short positions included Nvidia, Advanced Micro Devices, and Tesla, reflecting a shift in market sentiment ahead of the April 2 tariff deadline.
hedge funds rapidly exit tech stocks amid looming tariff concerns
Hedge funds rapidly sold off tech stocks last week, marking the fastest pace in six months and the highest levels in five years, as concerns over impending tariffs and potential economic recession grew. Goldman Sachs reported that U.S. tech stocks accounted for about 75% of the selling, particularly impacting AI-related hardware companies. This shift has brought hedge fund exposure to tech stocks to a five-year low, following a brief period of buying in mid-March.
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