The dominance of megacap technology stocks, dubbed the “Magnificent Seven,” has become a problem for mutual fund managers seeking to diversify their portfolios. The group — Amazon , Microsoft , Meta , Alphabet, Apple , Nvidia and Tesla — have led the current bull market and 2024’s rally, increasing their representation in market-cap weighted benchmarks
Baron Funds, an investment management company, released its “Baron Opportunity Fund” second quarter 2024 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund rose 4.35% (Institutional Shares), lagged the Russell 3000 Growth Index, which gained 7.80%, and essentially matched the S&P 500 Index, which advanced 4.28%. In
Major hedge funds ditched some of 2024’s leading artificial intelligence names ahead of the third-quarter sell-off, according to regulatory filings. The documents released this week showed a slew of billionaire investors selling off stakes in Nvidia , Alphabet and Meta Platforms , among other key contributors to this year’s market gain. The selling came ahead
The Reserve Bank of India on August 6, 2023 Punit Paranjpe | Afp | Getty Images Asia-Pacific markets were mixed in choppy trading on Thursday after U.S. stock benchmarks fell overnight, while investors assessed trade data from Japan and awaited India’s rate decision. The Dow Jones Industrial Average fell 0.60%, while the S&P 500 declined 0.77% on
What’s Going On With Nvidia Stock On Tuesday? Artificial intelligence chip stock Nvidia Corp (NASDAQ:NVDA) saw a continued rally in 2024 as the AI frenzy is in no mood to slow down. The stock surged 167% year-to-date. Tech investor James Anderson expects Nvidia to reach a market cap of $50 trillion within the next ten
We recently compiled a list of the 10 Stocks Hedge Funds Are Crazy About Right Now. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against the other hedge fund-approved stocks. Investing, broadly speaking, narrows down to two strategies. These see an investor decide whether to buy a
Apple ‘s Worldwide Developer Conference on Monday gave us exactly what we needed — reason to believe iPhone users will upgrade their devices sooner rather than later in order to access a new suite of artificial intelligence features. On Monday, the longtime Club holding unveiled its long-awaited generative AI initiatives, known as Apple Intelligence. But
Big Tech has been a closely watched theme over the past year, with investors piling into AI poster child Nvidia and the other so-called “Magnificent Seven” stocks: Alphabet , Amazon , Apple , Meta , Microsoft and Tesla . But this heavy focus on just a few stocks has led one portfolio manager to urge
(Bloomberg) — The National Labor Relations Board dismissed the most serious allegations against Apple Inc. in a high-profile case involving fired retail store employees, though officials still maintain that the company mistreated workers. Most Read from Bloomberg Last year, the company terminated five workers who helped organize union activity at its store in Kansas City,