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00:03Institutional investors pulled back slightly from semiconductors,
00:06AI infrastructure, and mega-cap technology stocks in the second quarter,
00:10with few making large bets in either direction, according to Reuters.
00:14A Reuters analysis of 13F filings from 6,071 institutional investors found buying and
00:21selling were closely balanced, with selling slightly outweighing buying in many cases.
00:26Nearly 44% of institutional investors trimmed their Magnificent Seven holdings,
00:31while 42% initiated or increased positions in the mega-cap tech stocks.
00:37Onyx Point's Shea Hosenzadeh said closely matched buying and selling
00:41reflects uncertainty over which companies will ultimately profit from heavy AI spending.
00:46Institutional investors remained bullish on semiconductor stocks in the second quarter,
00:50with 48% acting as net buyers and 34.5% as net sellers.
00:55For all things money, visit Benzinga.com.
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