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Home›ETFs & Funds›Hedge Funds›Coatue drops 8.3% in July amid AI stock rout

Coatue drops 8.3% in July amid AI stock rout

The decline marked the fund's steepest monthly drop in more than a year, after AI and semiconductor stocks sold off sharply.

Reported · Written up by our desk · Hedge Funds

Coatue Management fell 8.3% in July, according to a report cited by Hedgeweek, with the technology-focused hedge fund hit by a broad sell-off.

Hedgeweek said the sharp decline in artificial intelligence and semiconductor stocks weighed heavily on the fund’s performance.

The outlet also noted the drop was Coatue’s steepest monthly decline in more than a year.

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Sources

HedgeweekCoatue drops 8.3% in July amid AI stock rout

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