Tiger Global Management dialed back its exposure to the big boys of AI in Q4 2025, cutting back on some major tech stakes as detailed in their recent Form 13F filing. With valuations soaring and everyone riding high on AI hype, it seems like they’re getting a bit cold feet. Traders are picking up mixed signals from the broader market, and honestly? It’s tough not to notice that bubble-like pricing is creeping into some segments of the tech world, especially among the so-called 'Magnificent 7'.
Valuation Squeeze: Nvidia and Microsoft Under Pressure
The hedge fund’s latest disclosure shows they trimmed their position in Nvidia Corp. (NASDAQ:NVDA), dropping shares from 11.71 million at the end of September down to 11.01 million by year-end. That's a hefty cut for a stock that had been riding high on AI dreams. But hey, you’ve got to wonder—are they seeing something we’re missing?
This isn't just about Nvidia; it's echoing across names like Microsoft and Amazon. The vibe out there? Institutions are treading cautiously these days. They seem to be weighing optimism over AI potential against a hard wall of valuation discipline. The market's starting to act like it could be headed for a hangover after an AI-fueled party.