Hedge and Mutual Funds Buy 12 AI Infrastructure Stocks in Q2 as They Split on AMD
Updated
Updated · Yahoo Finance · Aug 22
Hedge and Mutual Funds Buy 12 AI Infrastructure Stocks in Q2 as They Split on AMD
3 articles · Updated · Yahoo Finance · Aug 22
Summary
Goldman Sachs found hedge funds and mutual funds both added 12 AI infrastructure names in the second quarter, including Bloom Energy, Flex, Seagate Technology, CoreWeave and Talen Energy.
991 hedge funds with $5.4 trillion in gross equity positions and 504 large-cap active mutual funds with $4.6 trillion in assets still diverged on other AI trades: mutual funds bought AMD, Micron and SanDisk while hedge funds sold them.
Mega-cap AI positioning also split, with hedge funds buying Microsoft and Amazon.com while mutual funds sold both; Goldman said hedge funds remain more exposed to the AI trade overall.
Outside AI, both groups turned overweight financials for only the third quarter in Goldman Sachs' history, with hedge funds lifting their sector tilt by more than 300 basis points to the highest since before the global financial crisis.