Hedge Fund Tech Bets Reach Record Highs Goldman Says
Hedge funds increased tech holdings at the fastest pace in nearly three months. Driven by AI optimism, their global IT positions now hover at record highs.
Goldman Sachs Group Inc reported that hedge funds bought technology stocks at the fastest pace in nearly three months last week. Global technology positions now hover at record highs as speculators pivot toward artificial intelligence and semiconductor manufacturing. This surge pushed tech holdings to their highest level relative to the iShares MSCI World Index ETF in over five years.
### AI Optimism Drives Global Tech Inflows Hedge funds increased exposure to semiconductor manufacturers and software companies during the week ending May 25. Buying activity was led by North America and emerging markets in Asia, while Europe remained the only major region to see net selling. Speculators utilized both new long positions and short covering to build these record stakes.
