21 Hrs
Source:
الاقتصادية
Hedge Funds Exit Tech Stocks Before SpaceX IPO
SpaceX is preparing to officially go public on Friday, with an estimated market value of up to $1.77 trillion, making it the seventh largest American company by market capitalization. Prior to the announcement, shares of major technology companies, including Nvidia, Apple, and Amazon, declined by over 2.4% since the beginning of June, amid increasing sell-offs by hedge funds and investors reducing risk. Meanwhile, shares of semiconductor manufacturers experienced strong demand, and financial sector exchange-traded funds (ETFs) were the most purchased during the week, amid mixed attitudes among funds towards the financial sector overall.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)