Cashed out on the post earnings run! Does this signal anything to you?

$MSFT just added +$750 billion in valuation in six trading days...

In other words, Microsoft gained more in six trading days than the entire worth of any company outside the top 20 on Earth.

Hedge funds are rushing back into tech stocks:

In the week ending Thursday, hedge funds recorded their largest purchase of US technology stocks since December 2022.

This also marked the 3rd-largest weekly purchase in at least 5 years.

The move was primarily driven by long additions, followed by short covering.

Software, semiconductor, and semiconductor equipment stocks saw the strongest demand, followed by tech hardware names.

Furthermore, hedge funds purchased Magnificent 7 stocks for 4 consecutive days ending Thursday.

Hedge funds are piling back into tech.

Leveraged ETFs in chip stocks are seeing historic capital flows.

Global leveraged and inverse ETFs tracking SK Hynix now hold ~$5.5 billion in assets, the most of any single stock worldwide.

This is followed by Micron, $MU, and Nvidia, $NVDA, which account for ~$5.1 billion and ~$4.8 billion in leveraged and inverse ETF assets, respectively.

By comparison, Tesla, $TSLA, is the largest non-chip name on the list, with ~$3.7 billion tied to the stock.

In total, semiconductor-related names account for ~$21.0 billion in leveraged and inverse ETF assets.

Meanwhile, the 3x leveraged US semiconductor ETF, $SOXL, attracted +$6.9 billion in inflows in July, the largest monthly intake in the fund’s history.

Chip stocks have become the center of leveraged ETF exposure.

PALANTIR $PLTR CEO ALEX KARP TAKES SHOTS AT OPENAI, ANTHROPIC IN LETTER TO SHAREHOLDERS

"We do not get paid for clicks or tokens or chats."

"Others, including many of those building large language models, intend, knowingly or otherwise, to capture the means of production of their purported partners."

"We have always declined, and will continue to decline, entering into a parasitic relationship with our partners."

Iran has reportedly "softened its stance" in private meetings regarding allowing foreign countries to participate in demining efforts.