This is insane.
Goldman Sachs just reported that hedge funds are aggressively offloading tech stocks at a rapid rate we haven't seen in years
June is already a record month pic.twitter.com/pxEEWNVYha
— Michael Burry Stock Tracker ♟ (@burrytracker) June 27, 2024
The 15 Most Held Stocks by Hedge Funds – Microsoft $MSFT is #1 pic.twitter.com/VpGWkG1kQM
— Win Smart, CFA (@WinfieldSmart) June 23, 2024
Based on our technical analysis, we predict Nvidia will sell-off to $76-80 range by the end of July.
Stay updated with our latest stock analysis at t.co/ly5XnapdzX pic.twitter.com/aXoRQLsCMX
— HZ (@MFHoz) June 27, 2024
According to Goldman Sachs Group Inc., hedge funds have been aggressively selling tech stocks this month. In fact, this month’s net selling in the US tech sector is on track to be the largest on record since 2017. The stocks most offloaded by hedge funds include semiconductor and semiconductor equipment stocks, followed by software and internet stocks. Notably, Nvidia shares have been volatile after losing $430 billion in market value recently. Despite this trend, it’s interesting to note that tech-related funds saw record inflows last week, with the tech-heavy Nasdaq 100 index hitting its latest record high on June 18.
finance.yahoo.com/news/hedge-funds-sell-tech-stocks-095749442.html
www.morningstar.com/news/marketwatch/20240627381/hedge-funds-are-dumping-tech-stocks-despite-their-recent-rally-says-goldman-sachs