Hedge funds piled into two semiconductor giants in the second quarter.
To the surprise of almost no one, 63 managers made new investments in Nvidia, the high-flying artificial intelligence leader whose stock tripled in the first half of the year.
According to an analysis of the database produced by SEI Novus, a technology and investment solutions provider that offers comprehensive data on quarterly hedge fund holdings, just seven managers fully exited Nvidia, for a net gain of 56 new investors.
