Who suffers from the polarization of technology stocks exacerbated by the AI boom? Goldman Sachs: Hedge funds are selling software stocks
王俊杰2017
发表于 2024-6-4 14:16:56
229
0
0
Last week, hedge funds sold a record high in 11 weeks in information technology stocks, with software stocks accounting for over 60% Goldman Sachs stated that the net exposure of hedge funds to software stocks is currently at its lowest level in over five years; ③ Overall, hedge funds are reducing their overall exposure to large technology stocks.
The current wave of artificial intelligence (AI) has driven a group of technology stocks to soar, but at the same time, the market is becoming increasingly concerned that some individual stocks may underperform in the current wave. The latest data from Goldman Sachs shows that hedge funds are selling software stocks.
According to data from Goldman Sachs Group's prime brokerage division as of the week ending May 31, the number of information technology stocks sold by funds during the reporting period reached a record high in 11 weeks, with software stocks accounting for over 60%. According to the bank's report, hedge funds' net exposure to software stocks is currently at its lowest level in over five years.
Jon Caplis, CEO of hedge fund research firm PivotalPath, said, "Many of the fund managers we have discussed have withdrawn from software as a service (SaaS) stocks and turned to investing in artificial intelligence/semiconductor products. This is partly driven by a huge interest in AI processing capabilities and a slowdown in SaaS subscription investment."
Overall, hedge funds are reducing their overall exposure to large technology stocks. But they also bet on companies that will benefit from the expansion of artificial intelligence. According to Goldman Sachs data, semiconductors and semiconductor equipment were the only technology sector to receive net purchases last week.
Although the S&P 500 Information Technology Index has risen by 17% this year, there are significant differences in industry performance. Specifically, the S&P Semiconductor and Semiconductor Equipment Index has risen by 57% this year, while the S&P Software and Services Index has only risen by 2.2%.
Anurag Rana, Senior Technical Analyst at Bloomberg Intelligence, said, "Apart from Microsoft, we do not expect most large software companies to benefit from the AI boom in the short term."
D A. Davidson analysts say that software stocks related to artificial intelligence will experience a "disillusionment trough". The industry is still struggling to cope with the deteriorating macroeconomic environment and geopolitical risks, which have prompted companies to delay their upgrade plans.
Therefore, as Nvidia's sustained "rocket like growth" shows, with no signs of slowing investment in artificial intelligence, hedge funds seem most willing to invest money in chips, at least for now.
Jay Woods, Chief Global Strategist at Freedom Capital Markets, said, "Chip stocks are expected to continue to be the main players in the second half of 2024, as demand remains high and innovation in this field is still rapidly developing. Nvidia will continue to lead, and other companies will follow closely behind."
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Global markets: The three major US stock indices closed with mixed gains and losses, with most large tech stocks falling
- Sudden bearish trend! Non farm payroll data shows weakness, Nasdaq plummets by over 400 points, major tech stocks suffer heavy losses
- Gold breaks historical closing high! What did Huang Renxun, the CEO of Google, and other senior officials from the Biden administration discuss during their meeting with the general rise of large tech stocks?
- US tech stocks continue to rise, Tesla rises nearly 4%
- The European Central Bank is expected to cut interest rates continuously, with Netflix leading the technology stock financial report
- The three major US stock indices collectively closed lower, while the Nasdaq fell more than 1%. Large tech stocks fell across the board
- Global markets: European and American stock markets close lower, Nasdaq falls more than 1%, large tech stocks all decline
- US stocks close down: Nasdaq falls more than 2%, large tech stocks generally decline
- Baidu Robin Lee talks about big model craze: technological revolution or a new round of foam?
- Qualcomm CEO: AI craze will not lead to a repeat of global chip shortage
-
据媒体报道,OpenAI正准备推出一款代号为“Operator”的全新AI助理产品,可以自动执行各种复杂操作,包括编写代码、预订旅行、自动电商购物等。根据内部员工爆料,OpenAI领导层预计将在2025年1月发布该产品,首 ...
- 永远的希望
- 昨天 11:06
- 支持
- 反对
- 回复
- 收藏
-
【小摩辣评“特朗普2.0”:关税大棒料打击经济、重燃通胀!】摩根大通资产管理公司(JPMorgan Asset Management)首席全球市场策略师David Kelly周三表示,当选总统特朗普激进的关税计划,可能会减缓全球经济,并给 ...
- besharp
- 昨天 12:37
- 支持
- 反对
- 回复
- 收藏
-
本报讯 (记者李豪悦)11月12日,腾讯音乐娱乐集团(以下简称“腾讯音乐”)宣布其截至2024年9月30日止第三季度的未经审计财务业绩。 2024年第三季度,腾讯音乐娱乐集团业绩表现稳健,总收入为70.2亿元,同 ...
- 覃志辉
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
新华财经上海11月13日电芯片制造商英伟达和软银集团的电信部门软银公司周三表示,两家公司已经试运行了全球首个人工智能和5G电信网络。 两家公司表示,该网络可以同时运行人工智能和5G工作负载,这一过程被 ...
- 惡魔獵人
- 前天 12:36
- 支持
- 反对
- 回复
- 收藏