Hedge funds investing in under-the-radar AI stocks, reducing exposure to megacaps
Hedge funds shift focus from megacap tech stocks to under-the-radar AI beneficiaries like Marvell Technology, Walgreens, and Freeport-McMoRan.
Walgreens Boots Alliance News & Breaking Stories
U.S. stocks close higher; Dow Jones Industrial Average up 0.25%
Tesla, CVS Health, and Qualcomm were the top performers on the S&P 500, while Rtx Corp, JM Smucker Company, and Newell Brands were the worst performers. Rising stocks outnumbered declining ones on the NYSE and Nasdaq. Shares in Rtx Corp, JM Smucker Company, Walgreens Boots Alliance, Intel Corporation, Tenon Medical, Crinetics Pharmaceuticals, and Solowin Holdings either reached 52-week lows or all-time lows. The CBOE Volatility Index was down, while gold futures and crude oil prices fluctuated.
Get Weekly News Updates
Subscribe to SHUT Newsletter and be up to date with the current events. Be informed, don't settle for fake news.