Hedge funds post best month in decades on AI chips
NewsBytes | May 14, 2026 6:40 PM CST
Hedge funds pile into semiconductors
Big names like Point72 and Whale Rock Capital are leading the pack. Point72's main fund rose 4.5%, and its Turion fund (which focuses on AI) shot up 15%.
Whale Rock's publicly traded stock portfolio saw a huge 39% gain from smart bets on companies like SanDisk and SK hynix in April, while Seligman Tech Spectrum gained nearly 20% in April, its best month since launching in 2001.
Hedge funds have also loaded up on semiconductor stocks, now making up a fifth of their portfolios—up from just over 5% last year—as tech giants like Microsoft and Alphabet pour billions into building out their AI data centers.
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