The most sold-off sector in the past month, yet AI exposure remains close to historical highs—does that contradict?


No, it doesn't.
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MarsBitNews
Hedge funds have started to take profits in semiconductor stocks
Mars Finance News, May 21 — According to Goldman Sachs data cited by Bloomberg, hedge funds are taking profits from semiconductor stocks after a sharp rise driven by artificial intelligence.
Data shows that over the past month, chip stocks have become the most sold-off sector in the United States, mainly due to investors reducing long positions rather than shorting the industry.
Despite the pullback, funds are still heavily investing in AI-related stocks, with overall exposure remaining near historic highs.
Analysts say the sell-off reflects profit-taking and risk management, rather than a loss of confidence in the AI boom.
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