Hedge funds and mutual funds split on AI trade, Goldman says

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โดย Seeking Alpha·US·Read original
Summary · why it matters

Hedge funds and mutual funds took sharply different approaches to individual AI stocks during the second quarter, according to Goldman Sachs. Hedge funds bought Microsoft and Amazon while mutual funds reduced positions in both, and hedge funds cut exposure to Alphabet, Meta Platforms, Nvidia, Broadcom, Lam Research, Marvell Technology, Cisco Systems, Hewlett Packard Enterprise and Applied Materials. Mutual funds bought Advanced Micro Devices, Micron Technology and Sandisk while hedge funds reduced exposure to those stocks. Goldman identified 12 AI infrastructure stocks purchased by both groups, including American Electric Power, Bloom Energy, CoreWeave, Flex, NiSource, Seagate Technology, Talen Energy and Xcel Energy. The analysis covers 991 hedge funds with $5.4 trillion of gross equity positions and 504 large-cap active mutual funds with $4.6 trillion in equity assets.

Impact on stocks 33

Artificial Intelligence± Mixed · 12 stocks
Amazon.com Inc
AMZN
▲ PositiveCapitalrelevance

Hedge funds bought Amazon while mutual funds reduced positions.

Broadcom Inc
AVGO
▼ NegativeCapitalrelevance

Hedge funds cut exposure to Broadcom during Q2.

Energy Transition & Power Demand▲ · 8 stocks
NiSource Inc
NI
▲ PositiveCapitalrelevance

NiSource is listed among AI infrastructure stocks purchased by both hedge funds and mutual funds.

Semiconductors± Mixed · 5 stocks
Micron Technology Inc
MU
▲ PositiveCapitalrelevance

Mutual funds bought Micron while hedge funds reduced exposure, indicating a positive view from one group.

Sandisk Corp
SNDK
▲ PositiveCapitalrelevance

Mutual funds bought Sandisk while hedge funds reduced exposure, indicating a positive view from one group.

Lam Research Corp
LRCX
▼ Negativerelevance

Hedge funds cut exposure to Lam Research, signaling reduced demand from that investor group.

Spatial Computing / AR/VR▼ · 2 stocks
Meta Platforms Inc.
META
▼ Negativerelevance

Hedge funds reduced exposure to Meta Platforms, reflecting a bearish stance.

Defense & Geopolitical Fragmentation▲ · 2 stocks
Cloud & Digital Infrastructure▲ · 1 stocks
Seagate Technology PLC
STX
▲ PositiveCapitalrelevance

Seagate is listed among AI infrastructure stocks purchased by both hedge funds and mutual funds.

Cybersecurity & Digital Trust▼ · 1 stocks
Critical Materials & Supply Chain▲ · 1 stocks
Climate Adaptation & Water▲ · 1 stocks
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