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EconomyCalpers retreats from big tech as AI concerns deepen neocloud sell-off

California’s pension fund is shifting toward private equity and pulling back from large technology companies as investors question tech valuations and whether surging AI spending will pay off.

Calpersbig techAI spendingprivate equity

CCoinDesk★★☆☆☆2026-10-26 10:33Original

Calpers retreats from big tech as AI concerns deepen neocloud sell-off
Calpers retreats from big tech as AI concerns deepen neocloud sell-offEconomy