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Jim Cramer says one hedge fund's collapse cleared the way for tech's rally
Jim Cramer stated that the collapse of AI-focused hedge fund Situational Awareness removed a major source of forced selling, which he believes enabled the tech sector's rally.
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Adjacent reporting
- Jim Cramer says tech stocks are losing the qualities that made them the leaders of the rally
- Jim Cramer warns AI's circular financing frenzy echoes the dot-com bubble
- Implosion of Situational Awareness hedge fund has Wall Street betting the bottom is in for the AI trade
- Jim Cramer says the world of tech investing has changed and it's not going back