💨 Abstract

Hedge funds are rapidly selling U.S. tech and media stocks, notably Nvidia, ahead of its earnings report, which is seen as a key indicator for the AI industry. This comes as speculators have aggressively dumped positions in AI-related sectors. Meanwhile, hedge funds are buying developed and emerging market stocks in Asia at the fastest pace in five months, making Asia the only global region where hedge fund trades are primarily long rather than short.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖