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Friday, October 23, 2026Updated 07:24 UTC

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Calpers retreats from Big Tech as AI rally falters

Source: Financial Times · Oct 23, 2026 04:00 UTC

Red line chart of stock prices on a screen — File photo rawpixel · CC0 · Source

The Quick Take

California’s retirement fund slashed Magnificent 7 holdings as doubts grow about lofty valuations and soaring spending

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