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: NVDA, AMZN, TSLA, MSFT, GOOGL, GS, META, AAPL,
Keywords: investment strategy, regwall-pro, breaking news: technology, breaking news: markets, nvidia corp, microsoft corp, markets, technology, alphabet inc, united states, amazon.com inc, breaking news: investing, tesla inc, hedge funds, meta platforms inc, goldman sachs group inc, apple inc, business news,
Source: https://www.cnbc.com/2024/05/29/hedge-funds-keep-betting-on-magnificent-7-stocks.html