Hedge funds are piling into US semiconductor stocks:
Last week, hedge funds purchased the most US semiconductor stocks in at least 3.5 years.
This follows the 2 largest consecutive weekly sales since June 2024.
As a result, semiconductor stocks now account for 10% of total hedge fund exposure.
This percentage is twice as high as during the same period last year.
However, this remains below the peak of 14% recorded in May.
Hedge funds are betting the semiconductor selloff is already over.