Nvidia, the proverbial shovel-maker to the AI gold rush, reports earnings tomorrow. There will be helluva lot of hedge funds praying for another blockbuster quarter, as the industry has a lot riding on it.
Goldman Sachs’s latest “Hedge Fund Trend Monitor” is out, and it looks like hedge funds have kept ramping up their bets on the chipmaker, taking their overall ownership of Nvidia to 1.9 per cent at the end of June.
Goldman generates this data by scouring the regulatory filings of 744 hedge funds with $2.4tn of gross equity holdings, and supplement it with a bit of extra detail from its own (industry leading) prime brokerage service.
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