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Hedge funds have never been more long the Magnificent 7 stocks, exceeding last summer's peak exposure - TL;DR CNBC

Hedge funds have never been more long the Magnificent 7 stocks, exceeding last summer's peak exposure

Publishing timestamp: 2024-05-29 10:07:29


Summary

Goldman Sachs' prime brokerage noted that hedge funds have increased their exposure to Big Tech stocks, particularly Nvidia, reaching a new high. Net flows into the top seven tech stocks have been positive in May.


Sentiment: NEUTRAL

Tickers: NVDAAMZNTSLAMSFTGOOGLGSMETAAAPL

Keywords: investment strategyregwall-probreaking news: technologybreaking news: marketsnvidia corpmicrosoft corpmarketstechnologyalphabet incunited statesamazon.com incbreaking news: investingtesla inchedge fundsmeta platforms incgoldman sachs group incapple incbusiness news

Source: https://www.cnbc.com/2024/05/29/hedge-funds-keep-betting-on-magnificent-7-stocks.html


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