Hedge funds boost AI tech bets to highest since 2016, Goldman Sachs says

By Nell Mackenzie LONDON (Reuters) -Hedge funds' exposure to artificial intelligence-related tech hardware reached its highest in October since Goldman Sachs (GS) started tracking the data in 2016, the U.S. bank said in a client note. Hedge fund buying in semiconductor and related chip industry stocks, considered to be sensitive to economic and business cycles, suggests speculators believe rising markets have further to go, Goldman said in the note on Thursday, seen by Reuters on Friday. Hedge fund stoc ...