Hedge fund tech positions hover near record highs, Goldman Sachs says

Goldman Sachs just ran some ugly numbers on the SaaSPocalypse—and found hedge funds are dumping software and piling into semis

Wall Street has been debating the SaaSPocalypse for months, if not years. Goldman Sachs studied how hedge funds and mutual funds are approaching the space—and found a major shift in investing. Software & Services as an industry group is down 14% year-to-date and has lost 9% over the last 12 months. Semiconductors & Semi Equipment are up 38% YTD and have surged 104% in the past year. The performance gap is staggering, but it’s a symptom, not the …

Hedge fund tech positions hover near record highs, Goldman Sachs says

Hedge Funds Pile Back Into AI and Tech Stocks:

(HedgeCo.Net) Hedge funds are moving back into technology with force, and artificial intelligence is once again the center of the trade. After a period of market volatility, macro uncertainty, and concern that the AI boom had become too crowded, global hedge funds have been rebuilding exposure to technology stocks at one of the fastest clips of the year. Goldman Sachs Prime Brokerage said hedge funds bought technology shares last week at the fas…

Goldman Sachs says hedge funds are piling back into AI stocks

Hedge funds bought technology stocks last week at the fastest pace in nearly three months, driven by renewed demand for companies exposed to artificial intelligence, according to a Goldman Sachs note.The buying was broad-based, with technology shares purchased in every major region except Europe.The largest inflows in dollar terms were recorded in North America and emerging markets in Asia, the note said.Goldman said the flows reflected both fre…