Hedge Funds Sell Software Stocks as AI Splits Tech, Goldman Says

Hedge Fund exposure to software companies has been falling – but what’s driving it? And where are they putting those investment dollars instead?

This could be a sign of changing times, with SaaS models not seeing the same level of interest as during Covid. As Jon Caplis shares with Natalia Kniazhevich for a recent story in Bloomberg, “a number of managers have rotated out of software as a service (SaaS) stocks in favor of AI/semis. In part, it’s driven by the huge interest in AI processing power and a slowdown of SaaS subscriptions.”

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