In July, hedge funds experienced their worst monthly underperformance against the S&P 500 in over 20 years, driven by a sharp sell-off in AI-related stocks. According to Goldman Sachs, this marked one of the most significant hedge fund de-grossing episodes in the past decade, with funds reducing positions in AI stocks, including semiconductors and major tech companies. Despite this pullback, hedge funds still maintain higher-than-average leverage and AI exposure, and US equity long/short hedge funds have returned 10% through mid-August. This shift highlights the volatility and rapid changes in hedge fund strategies tied to AI momentum.
Jacob Dewitte, CEO of Oklo, sold 120,000 shares of the company, generating $4.6 million from the transaction. This significant sale may indicate a strategic move by the CEO or a personal financial decision. Investors will watch closely for any impact...
Medtronic and Abbott are both strong dividend-paying medical device companies, but Medtronic currently offers a higher dividend yield of 3.11% and stronger near-term growth prospects, including accelerating revenue and a planned diabetes business sep...
Chainflip suffered a loss of 736,442.17 USDT due to six unauthorized payouts after an attacker exploited a flaw in how it processes TRON transaction memos. The attacker repeated the exploit eight times within 90 minutes, causing duplicate payouts. Ch...
Bitcoin's price is currently around $76,400 to $76,700 after a recent volatile swing between $79,837 and $76,040. Short-term charts show bearish momentum with resistance near $78,500 to $82,800, but the longer-term moving averages remain bullish, ind...
Top US AI leaders including Sam Altman of OpenAI and Elon Musk back Anthropic CEO Dario Amodei's call to slow AI development due to safety concerns. Amodei warns that unchecked AI could cause massive damage, including potentially taking over the inte...
