Author: businesswire

Hedge funds exited U.S. tech and media stocks in the two weeks to February 21 at the fastest pace in six months, according to Goldman Sachs, just as Nvidia, one of the biggest tech firms by market capitalisation, readies to report earnings. Nvidia’s profit report this week is seen as a bellwether of the burgeoning artificial intelligence (AI) industry. Speculators “aggressively” dumped both long and short positions in AI-related equipment, media, and communications equipment companies, according to a note sent to Goldman Sachs clients on Friday.Read More

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Learn more about the nominees for the third annual Sports Business Awards: Tech, honoring the most significant sports technology advancements of the previous calendar year.Read More

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