Tiger Global slashes stakes in Magnificent Seven while piling into semiconductor makers

Tiger Global has slashed its positions in four of the five Magnificent Seven tech stocks that account for almost half of its portfolio, while upping its stake in Amazon.com and piling into semiconductor companies, regulatory filings for the final three months of 2023 show. The New York hedge fund cut its stakes in Magnificent Seven tech firms Alphabet GOOG, Meta META, Microsoft MSFT and Nvidia NVDA, while upping its position in just one of the top-performing technology companies, Amazon.com AMZN, the money ...