[UBS: After historic-level sell-off, recommends gradually rebuilding AI and semiconductor stock positions] Odaily Planet Daily News – According to UBS prime brokerage data, hedge funds have reduced long positions in momentum stocks and semiconductor stocks by approximately 5% of total market value, marking one of the largest recorded reductions. Net positions in semiconductor and software stocks have fallen back to April levels. UBS believes the sell-off in momentum stocks is nearing its end and expects this round of selling to bottom out by the end of July. It recommends investors gradually rebuild positions in AI and semiconductor stocks. The recent rally in cyclical stocks such as banks and industrials has mainly been driven by short covering, and if funds return to AI, these sectors may face downward pressure. (Cailian Press)