Business
Hedge Funds Are Making a Killing in the ‘Golden Age’ of AI Hardware
The hedge-fund herd was early to see opportunity in the stocks of chip makers and other artificial-intelligence hardware companies. Those bets just delivered stock-picking funds their best month in over two decades.
Steve Cohen’s Point72, Whale Rock Capital Management and Seligman Investments are among the hedge-fund firms that posted strong returns in April thanks in part to rallies in semiconductor stocks and those of related equipment makers.
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