Wall Street hedge funds are starting to hedge their bets on the AI trade, with short positions increasing. Companies like Palantir, Oracle, Intel, and Qualcomm are among those targeted. Short interest in the S&P 500 and Nasdaq 100 is at its highest level in years. Despite this, the market rallied after New York Fed President’s comments on labor weakness.

Read more at Yahoo Finance: Hedge Funds Start to Hedge Their AI Bets