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American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

Money

Chinese hedge funds shift AI bets away from Nvidia

A2D News Desk

Perseverance Asset Management International cut its Nvidia position by 72% last quarter while adding significantly to holdings in Micron Technology and SanDisk, according to its latest 13F filings with the U.S. Securities and Exchange Commission.

The moves signal a more selective phase in the global AI trade, with investors showing caution toward large companies spending heavily on AI infrastructure and looking for other beneficiaries of the buildout.

Read the full story at amp.scmp.com.

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