ChipsReutersabout 4 hours ago
AI Selloff Hammers Hedge Funds This Week
1 min read
Global hedge funds suffered steep losses this week as investors questioned AI spending returns amid high borrowing costs. Asia-focused funds led declines, dropping 2.6%, while tech funds fell 2.0%. Global funds lost 0.9% on Wednesday, and semiconductor stocks tumbled due to hotter inflation data.
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