Core Insights - Microsoft emerged as the most favored stock among hedge funds in Q2, with holdings increasing by $12 billion to $47 billion, led by Bridgewater's significant increase [1][4][5] - Alibaba faced the largest reduction in holdings, with a decrease of $1.55 billion, also led by Bridgewater [1][6][7] - Technology stocks accounted for the largest weight in hedge fund portfolios at 23%, followed by financial stocks at 17% [3][9] Group 1: Microsoft - Microsoft became the most valuable asset held by hedge funds, with a total holding value of $46.83 billion, reflecting a $12 billion increase from Q1 [4][5] - Bridgewater was the largest buyer of Microsoft, adding 905,600 shares, followed by Walleye Capital with an increase of 882,900 shares [5] - The significant growth in Microsoft holdings was driven by both net purchases and a surge in the company's stock price, fueled by the AI concept [5] Group 2: Alibaba - Alibaba experienced the largest reduction in holdings among hedge funds, with a market value decline of $1.55 billion [1][6] - Bridgewater led the reduction by selling 5.66 million shares, while Coatue Management also reduced its position by 2.93 million shares [6] - This reduction trend indicates a cautious attitude among hedge funds towards Chinese technology stocks [7] Group 3: Overall Hedge Fund Activity - The total holdings of 716 hedge funds increased from $622.94 billion to $726.54 billion over the quarter [3] - Technology stocks maintained the highest allocation in hedge fund portfolios, reflecting investor confidence in the long-term growth prospects of the sector [9] - In contrast, the energy sector saw the least investment value growth, with notable reductions in holdings by Arrowstreet Capital and Oaktree Capital [9]

Google on Wednesday said it will sign the European Union's guidelines on artificial intelligence, which Meta previously rebuffed due to concerns they could stifle innovation.In a blog post, Google said it planned to sign the code in the hope that it would promote European citizens' access to advanced new AI tools, as they become available.Google's endorsement comes after Meta recently said it would refuse to sign the code over concerns that it could constrain European AI innovation."Prompt and widespread de ...

Summary of Key Points from the Conference Call Industry Overview - The focus of the conference call is on the **Artificial Intelligence (AI)** sector and its long-term macroeconomic impacts on economies, bond, equity, and foreign exchange (FX) markets [4][6][74]. Core Insights and Arguments 1. **Transformative Potential of AI**: AI is expected to significantly transform economies and markets in the coming years, with varying impacts across countries and sectors [4][6]. 2. **Historical Context**: Previous technology booms had different impacts, with the US experiencing a notable productivity growth surge during the IT revolution of the late 1990s and early 2000s, averaging around 3% per annum compared to 1.6% from 1980 to 1995 [8][12]. 3. **Geographical Disparities**: Developed markets (DM) are likely to benefit more from AI than emerging markets (EM), with the US expected to be the largest beneficiary. China, Korea, and India are also seen as potential beneficiaries in the EM category [4][76]. 4. **Investment and Productivity**: The development and deployment of AI are anticipated to lead to increased investment intensity in the global economy, similar to the IT revolution, although current macroeconomic indicators do not yet reflect this [23][76]. 5. **Interest Rates**: AI is expected to support a long-term increase in interest rates above post-global financial crisis (GFC) lows, particularly in the US, which is projected to remain at the high end of DM rates [74][82]. 6. **Equity Market Dynamics**: While AI will primarily benefit the Technology sector, current valuations suggest a neutral long-term allocation to this sector. Healthcare and Financials are expected to be long-term beneficiaries with more attractive entry points [4][76][90]. 7. **Currency Implications**: AI is likely to provide long-term support to the US dollar (USD), particularly against EM currencies, although its current high valuation may limit further appreciation [4][63]. 8. **Inflation Outlook**: The long-term impact of AI on inflation is expected to be minimal, as inflation is ultimately a policy choice [72][76]. Additional Important Insights 1. **Sectoral Exposure to AI**: Industries such as finance, insurance, professional services, information technology, education, and healthcare are expected to have higher exposure to AI, while sectors like agriculture and construction may see limited benefits [41][45]. 2. **Regulatory Environment**: The regulatory burden is a critical determinant of AI's economic effects, with the US having a more favorable regulatory environment compared to many EM countries [51][76]. 3. **Long-Term Productivity Gains**: There is uncertainty regarding the magnitude of long-term productivity gains from AI, with some research suggesting modest increases [32][76]. 4. **Investment Strategy**: The analysis suggests a cautious approach to investing in the Technology sector due to high valuations, while other sectors with potential AI applications may offer better long-term investment opportunities [90][92]. This summary encapsulates the key points discussed in the conference call, highlighting the transformative potential of AI, its implications for various markets, and the strategic considerations for investors.

Meta reportedly continued its artificial intelligence (AI)-focused hiring spree by adding two AI researchers who had worked for Apple.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The company hired Mark Lee and T ...

Meta Platforms declined to sign the European Union's artificial intelligence code of practice because it is an overreach that will "stunt" companies, according to global affairs chief Joel Kaplan."Europe is heading down the wrong path on AI," Kaplan wrote in a post on LinkedIn Friday. "This code introduces a number of legal uncertainties for model developers, as well as measures which go far beyond the scope of the AI Act."Last week, the European Commission published a final iteration of its code for genera ...

Citi Research Multi-Asset July 2, 2025 North America Road Ahead 2H25 Strategy Scott ChronertAC US Equity Strategy Scott.Chronert@citi.com +1-415-951- 1771 Macro Nathan SheetsAC Global Economics Nathan.Sheets@citi.com +1-212-816-2991 Hong LiAC Quantitative Analysis Hong.Li@citi.com +1-212-816-5062 Andrew HollenhorstAC US Economics Andrew.Hollenhorst@citi.com +1-212-816-0325 Maximilian LaytonAC Commodities Max.Layton@citi.com +44 (0) 20 7986 4556 Equity Research Citi North America Research Equities citiinvest ...

Microsoft Corp. MSFT is reportedly preparing for another round of layoffs with the majority of job cuts expected to impact its sales division. The Details: The upcoming round of layoffs is part of a broader restructuring as the company ramps up its investment in artificial intelligence. The layoffs are anticipated to be announced in early July, aligning with the end of Microsoft's fiscal year, according to a Bloomberg report. Read Next: Walmart, Microsoft, Disney Slash Jobs As Trump Tariffs, AI Push Corpora ...

此外，尽管已投资人工智能的香港企业投资金额相对可观，不少香港本地企业却尚未开始投资与人工智 能相关的科技。研究显示，日本(90%)、美国(84%)、德国(69%)及英国(68%)的企业在本次研究中表示目 前正在投资人工智慧，比例高于其他所有受访市场。相比之下，目前仅42%的香港企业已投资人工智 能，不及60%的全球平均水平，低于美国和日本两个领先市场。 Colt 区域销售总监兼香港主管刘嘉凤表示，这项研究为我们提供了难得的机会，深入了解人工智能如何 重塑全球资讯科技发展，以及相关投资的优先事项对香港市场的影响。香港政府正积极推动香港成为全 球领先的人工智能枢纽，企业可把握机会大展拳脚。数据显示，42%的香港企业正在投资人工智能科 技，但相信这只是数码发展的起步。 智通财经APP获悉，日前，数码基础设施公司 Colt Technology Services 发布了最新《资讯科技优先策略 报告》。报告发现，目前投资人工智能(AI)的香港企业当中，超过68%公司每年于相关科技上花费25万 美元或以上，而超过四分之一(27%)香港企业的投资数字更介于75万美元至99万美元的较高范围内。与 此同时，27%的新加坡企业、 ...

Core Insights - Amazon is investing tens of billions of dollars to expand its artificial intelligence capabilities, which is beneficial for Nvidia stock investors [1] Company Analysis - Amazon's significant investment in AI indicates a strong commitment to enhancing its technological infrastructure and competitive positioning in the market [1] - Nvidia, as a key player in the AI hardware sector, stands to gain from Amazon's expansion efforts, potentially leading to increased demand for its products [1] Industry Implications - The ongoing investment in AI by major companies like Amazon highlights the growing importance of artificial intelligence across various sectors, suggesting a robust future market for AI technologies [1] - This trend may lead to increased competition among tech companies to innovate and capture market share in the AI space [1]

Core Insights - Amazon plans to invest $10 billion in North Carolina to build a campus focused on cloud computing and artificial intelligence, significantly boosting the local economy [1][2] - The investment is expected to create at least 500 jobs directly and support thousands more through construction and supply chain activities [2][4] - The project is described as one of the largest investments in North Carolina's history, with the potential to transform Richmond County [2][5] Investment Details - The Richmond County site will employ engineers, network and security specialists, and other technical roles, with Amazon committing to support local educational institutions for workforce training [4][5] - The investment includes an incentives package approved by Richmond County commissioners, which may provide annual cash grants for 20 years based on job creation and investment thresholds [5][6] Economic Impact - The project is anticipated to lead to significant upgrades in local infrastructure, including water systems and fiber optic networks, at no cost to taxpayers [6] - Governor Josh Stein emphasized that the investment positions North Carolina as a hub for advanced technology and innovation [7] Historical Context - Amazon has previously invested $12 billion in North Carolina since 2010, supporting approximately 24,000 full- and part-time jobs [8]