Hedge funds exit semiconductor shares for fourth week

U.S. hedge funds continue to sell technology stocks, particularly semiconductors, for the fourth consecutive week, amid declining chip sector performance and cautious expectations ahead of the second-quarter earnings season. The Sox index fell by 4.2% during the week ending July 3, amid fears of a market correction and a disregard for AI investments, with funds focusing on selling and shifting shares toward more stable sectors. This shift reflects volatility in the technology sector and raises questions about the sustainability of profit growth in the ongoing battle against market fluctuations.

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