TECH - Nvidia Tops Hedge Fund Buys as Interest in AI Stocks Fuel Market Gains: Bloomberg | Benzinga

Nvidia Corp (NASDAQ:NVDA) saw the most significant increase in market value among stocks held by hedge funds in the first quarter, despite these funds’ overall net sales of shares. 

As hedge funds continued to adjust their portfolios amidst rising interest in artificial intelligence, they also increased their holdings in other leading AI companies such as Amazon.Com Inc (NASDAQ:AMZN), Meta Platforms Inc (NASDAQ:META), and Microsoft Corp (NASDAQ:MSFT), while reducing positions in each. 

The total holdings increased to $1.887 trillion from $1.728 trillion the previous quarter, with technology stocks constituting the most significant sector at 28% of portfolios, Bloomberg Full story available on Benzinga.com