The Magnificent Seven: Hedge Fund Exposure to Big Tech Hits Record Level and Nvidia Is Skyrocketing

Hedge funds’ exposure to US tech giants has reached a record number of followers Nvidia companyby best brokerage services Goldman Sachs Group Inc. the company’s stunning earnings report was released last week.

The so-called Magnificent Seven companies – Nvidia, Apple Inc., Amazon.com Inc., Meta Platforms Inc.Alphabet Inc., Tesla company and Microsoft Corp. – currently account for about 20.7% of hedge funds’ total net exposure to individual U.S. stocks, according to the report.