✉news BusinessMarkets first seen 3 d ago, last 3 d ago, peak #21
Citi abandons hyperscaler trade after market rotation
Original: Citi gives up hyperscaler trade after stock market rotation
Citi has closed out its investment position built around hyperscalers, the large cloud computing companies, following a rotation in the stock market away from those names. The move suggests the bank sees the long-running trade in big tech losing momentum as money shifts to other parts of the market. Details on the position and its results have not been widely reported.
Why now: Investors are watching signs that the hyperscaler and big tech trade is ending as the market rotates into other sectors.
Rank over time, top of the chart is #1. 2 snapshots from 3 d ago to 3 d ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/4628221