Essays··7 min read
Hedge Funds Are AI'maxxing — and the Exit Door Is Getting Narrower
1,059 hedge funds have made a record, leveraged, one-directional bet on AI semiconductors. The underlying thesis is probably correct. But 'probably correct thesis' and 'good risk-adjusted trade at current positioning' are not the same sentence.
hedge-fund-crowdingai-infrastructuresemiconductor-concentrationleverage-risk
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