Long Semiconductor Positions Stay Crowded as Investor Conviction Cools

Long global semiconductor positions remained the market’s most crowded trade in October, even as institutional conviction weakened from its summer peak. The survey covered 161 institutional managers controlling $453 billion. Its findings indicate that the trade still held the strongest concentration of investor positioning among the areas measured. The reduced intensity of the consensus marks a shift from the summer, when confidence in long semiconductor positions was stronger. The trade nevertheless remained the leading crowded position in the October results. Semiconductors and servers are among the computing equipment used to build artificial-intelligence infrastructure.

Source: TokenPost