TREE NEWS reports: Bank of America reports that active long-only funds sold $44.4 billion worth of semiconductor stocks last month, reflecting a significant reduction in tech exposure. This move comes amid concerns over valuation and market volatility in the sector.
Bank of America: Long-only funds sold $44.4B semis last month
AI take
The scale of the selling points to a broader de-risking of the AI trade rather than a single-sector adjustment, with valuation and volatility concerns cited as the trigger. What matters is that long-only funds, typically slower to move than hedge funds, are the ones trimming — that suggests positioning, not just sentiment, is shifting. Whether this marks a rotation into other RWA-adjacent assets or simply a pause in semiconductor exposure is the open question worth tracking.
Generated by AI for reference only.
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