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Updated · Bloomberg · Jun 11Hedge Funds Split on AI Trade as $50 Billion Viking Global Stays Cautious
3 articles · Updated · Bloomberg · Jun 11Summary
- $50 billion Viking Global Investors is among the hedge funds taking a cautious stance even as AI enthusiasm keeps driving equity markets higher.
- Hedge funds are divided between riding the AI-fueled rally and positioning for a potentially sharp stock-market correction.
- That split echoes broader Wall Street unease already surfacing across equities, credit and bonds despite global stocks hovering near record highs.
Insights
Why is AI causing investors to dump tech stocks for old-school industries like utilities and energy? Is the trillion-dollar AI spending spree the next dot-com bubble or a new industrial revolution?