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Hedge funds caught wrong-footed as Magnificent 7 reported earnings

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Hedge funds caught wrong-footed as Magnificent 7 reported earnings
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Nov. 02, 2025 3:42 PM ETThe Technology Select Sector SPDR® Fund ETF (XLK)QQQ, AAPL, IGM, IYW, VGT, GOOG, AMZN, MSFT, META, GOOGLBy: Kim Khan, SA News Editor

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Hedge funds were forced to cover short positions as five of the Magnificent 7 reported earnings last week, according to the Goldman Sachs Prime Services desk.

For the first time in three weeks, Info Tech (XLK) (VGT



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