INDUSTRY NEWSMonitorWATCHLIST
Calpers retreats from Big Tech as AI rally falters
Financial Times Technology
Factual evidence
What the source reports
Calpers has reduced its holdings in 'Magnificent 7' tech stocks amid concerns over high valuations and elevated AI capital expenditure.
Inspect the evidence
- Inclusion basis
- Enterprise AI
- Publisher and source type
- Financial Times Technology · INDUSTRY NEWS
- Published by source
- 23 October 2026
- Collected by OneBench
- 24 Oct 2026, 03:01 UK
- Original headline
- Calpers retreats from Big Tech as AI rally falters ↗
Stored source excerpt
California’s retirement fund slashed Magnificent 7 holdings as doubts grow about lofty valuations and soaring spending…
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