AICoinDeskabout 2 hours ago
Calpers Cuts Magnificent Seven Holdings by 26%
2 min read
California's Calpers pension fund reduced its direct shareholdings in the Magnificent Seven tech stocks by 26% in the first half of 2026. Managing over $600 billion, the fund shifts toward private equity after concerns over AI spending valuations. CoreWeave, Cipher Digital and IREN fell in Monday's pre-market trading following Elon Musk's warning about tightening financing for AI data center companies.
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