Hedge funds have ramped up their investments in major technology companies, with combined holdings reaching $443.46 billion, a notable increase from $427.22 billion three months earlier.

Apple has emerged as a standout performer, witnessing a nearly 25% increase in market value and attracting over 8.5 million shares in net buys from hedge funds.

Tairen Capital Ltd led the charge in increasing Apple shares, adding 2.8 million shares, while other firms like Renaissance Technologies also boosted their holdings.

High-profile investors, including Chris Rokos and Ray Dalio, have shown confidence in Meta Platforms by increasing their stakes, aligning with CEO Mark Zuckerberg's vision to position the company as a leader in AI.

Meta is at the forefront of AI development, utilizing advanced machine learning algorithms to enhance its social media content feeds and advertising services.

Both Microsoft and Meta are expected to experience strong revenue and profit growth, driven by their substantial investments in AI technologies.

Microsoft's $10 billion investment in OpenAI in early 2023 has significantly bolstered its position in the AI market.

The adoption of Microsoft's AI assistants, part of its enterprise software suite called Copilot, has surged by 60% quarter over quarter, reflecting growing demand.

Despite Nvidia's status as a top-performing stock, hedge fund managers are increasingly selling off their stakes, taking profits from the AI boom.

Notable reductions in Nvidia holdings were made by prominent investors, including Stanley Druckenmiller and Israel Englander, who cut their stakes significantly.

In contrast, hedge funds have shown a growing interest in Broadcom, with many investors increasing their stakes in the company amid a broader shift in investment strategies.