FinanceQuartzabout 2 hours ago
Hedge Funds Sell Tech Stocks After Elections
2 min read
Hedge funds sold tech stocks at a near-record pace following midterm elections, with gross leverage falling 8.7 percentage points to 207.5%. Nvidia stock fell 9.3%, AMD dropped 17.3%, and Micron declined 17.5% on Nov. 5. Investors cut risk after ballot proposals in 10 states limited data-center construction.
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