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March 1, 2024
PI Global Investments
Hedge Funds

Goldman Sachs says global hedge funds are piling into U.S. technology stocks

Goldman Sachs not really breaking any surprisng news with this. In summaryL

  • Global hedge funds having a notable shift in sentiment towards U.S. technology stocks
  • They are actively accumulating positions in the sector at the most rapid pace in two months
  • Renewed optimism on artificial intelligence (AI), a positive outlook for major global tech entities are key drivers of the buying
  • Funds have net short positions in stock sectors such as health care, utilities, and energy

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