Nvidia, Broadcom Lead Fund Manager Buys As Semiconductor Sector Cools – Applied Mat (NASDAQ:AMAT), Analog Devices (NASDAQ:ADI)
Bank of America analysts examined how heavily U.S. fund managers are invested in semiconductor and electronic design automation stocks in the S&P 500. Based on data from the end of April, the relative weighting of semiconductor stocks are 0.90x — down considerably year-to-date (1.01x in December 2024). Nvidia Corp NVDA maintains the broadest ownership. Roughly…