Hedge Funds Liquidate Surging Semiconductor Stocks Over Past Month, Maintain AI Exposure: Goldman Sachs

GateNews
According to Goldman Sachs' prime brokerage team, hedge funds have been selling U.S. semiconductor stocks to lock in profits over the past month while maintaining their broader exposure to artificial intelligence themes. The semiconductor and semiconductor equipment sectors ranked as the most net-sold subsectors in the U.S. stock market during this period. Simultaneously, these funds increased short positions in U.S. equities through macro products, indices, and exchange-traded funds (ETF) to hedge against broader market risks, with short positioning now at its highest level in 10 years.
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