首页 News 正文

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
231 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Jon Caplis, CEO of hedge fund research firm PivotalPath, said, "Many of the fund managers we have discussed have withdrawn from software as a service (SaaS) stocks and turned to investing in artificial intelligence/semiconductor products.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。
您需要登录后才可以回帖 登录 | 立即注册

本版积分规则

  •   知名做空机构香橼研究(Citron Research)周四(11月21日)在社交媒体平台X上发布消息称,该公司已决定做空“比特币大户”微策略(Microstrategy)这家公司,并认为该公司已经将自己变身成为一家比特币投资基金 ...
    caffycat
    昨天 11:18
    支持
    反对
    回复
    收藏
  •   每经AI快讯,11月20日,文远知行宣布旗下自动驾驶环卫车S6与无人扫路机S1分别在新加坡滨海湾海岸大道与滨海艺术中心正式投入运营。据介绍,这是新加坡首个商业化运营的自动驾驶环卫项目。 ...
    star8699
    3 天前
    支持
    反对
    回复
    收藏
  •   上证报中国证券网讯(记者王子霖)11月20日,斗鱼发布2024年第三季度未经审计的财务报告。本季度斗鱼依托丰富的游戏内容生态,充分发挥主播资源和新业务潜力,持续为用户提供高质量的直播内容及游戏服务,进一步 ...
    goodfriendboy
    3 天前
    支持
    反对
    回复
    收藏
  •   人民网北京11月22日电 (记者栗翘楚、任妍)2024广州车展,在新能源汽车占据“半壁江山”的同时,正加速向智能网联新能源汽车全面过渡,随着“端到端”成为新宠,智能驾驶解决方案成为本届广州车展各大车企竞 ...
    3233340
    昨天 17:06
    支持
    反对
    回复
    收藏
王俊杰2017 注册会员
  • 粉丝

    0

  • 关注

    0

  • 主题

    28