-- Hedge funds made an about-face last week dumping semiconductor stocks — beneficiaries of the artificial intelligence boom — while snatching up software.Macron and Scholz Get Trounced by Far Right in EU ElectionsFund managers net sold US technology stocks for the third straight week, according to Goldman Sachs Group Inc.’s prime brokerage desk.
The software gauge recently neared a relative strength index reading that would have indicated a rebound was imminent and appears to have some support around its 200-day moving average, Ross added.The divergence came as software stocks largely showed signs of slower growth coming from AI. Investors have instead embraced semiconductor stocks sending them soaring on strong demand amid confidence that Nvidia Corp. and other chip stocks will keep delivering.
“Semiconductors still have strong upside momentum relative to software from short- and long-term perspective, so there isn’t enough evidence of a shift in leadership within tech in our work yet,” according to Will Tamplin, senior analyst at Fairlead Strategies.Is There Room for Common Ground on Congestion Pricing?Many investors watch Warren Buffett's trades, hoping to duplicate the success of the so-called "Oracle of Omaha.
This NY woman wants to buy a home despite $115K of debt — Dave Ramsey co-hosts had 'aggressive' advice for herNvidia's 10-for-1 stock split is in effect, giving investors nine additional shares for every one that they already own.
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