Hedge fund managers have increased positions in select stocks from the Magnificent Seven, particularly focusing on Meta Platforms and Microsoft. These stocks have shown significant gains, with Meta recently reaching highs of $790 per share and investors from earlier periods enjoying nearly 60% returns. The strategic moves by hedge funds reflect confidence in these companies, especially as they lead innovations in AI. This trend suggests that Meta and Microsoft could outperform other tech stocks in the future.
Meta Platforms is on a hot streak right now, with shares recently blasting off to new highs of $790 per share. Indeed, if you bought the April dip, you're now sitting on a near-60% gain in a few short months.
Microsoft and Meta have been among the most bought names by smart money over the past two quarters. These big buys have proven right as both have seen their shares take off to new heights.
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