Hedge fund tricks: When it rises too much, they run. It's not that they don't trust AI, they're just afraid of riding the elevator.

According to Bloomberg citing Goldman Sachs data, after a surge driven by AI, hedge funds are taking profits from semiconductor stocks. Over the past month, chip stocks have become the most sold-off sector in the U.S., mainly due to investors reducing long positions rather than shorting. Despite the pullback, the overall exposure of funds to AI-related stocks remains near historic highs, analysts say the sell-off is profit-taking and risk management, not a loss of confidence in the AI boom.