Hedge Funds Sell Semiconductor Stocks on May 21 After AI Rally, Goldman Sachs Data Shows

GateNews

According to Goldman Sachs data cited by Bloomberg, hedge funds took profits from semiconductor stocks on May 21 following the AI-driven rally.

Chip stocks became the most sold-off sector in the U.S. over the past month, primarily due to investors reducing long positions rather than short-selling, the data showed. Analysts attributed the selling to profit-taking and risk management rather than a loss of confidence in the AI boom.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments