Tech rally hands hedge funds biggest gains since 2020
Corroborated by 5 sources from 5 publishers
TL;DR
Tech rally hands hedge funds biggest gains since 2020 Tech leaders are betting on a former executive to take the lead in the California governor's race SACRAMENTO, Calif. -- One tech investor called him “the only sane” Democrat in the race for California governor. Others have dumped millions to boost his campaign, even paying for a Super Bowl ad to introduce him to voters.
Sources
1
Financial Times Companies
https://www.ft.com/content/df76569d-a840-42c4-8580-2d98bf1a16ce
2
Seeking Alpha Market News
https://seekingalpha.com/article/4899996-rec-silicon-asa-rnwey-q1-2026-earnings-call-transcript?source=feed_all_articles
3
Bloomberg Technology
https://www.bloomberg.com/news/videos/2026-05-07/tech-to-remain-resilient-to-higher-rates-jpm-says-video
4
Fortune
https://fortune.com/2026/05/07/player-coach-managers-coinbase-meta
5
ABC News U.S. Headlines
https://abcnews.com/US/wireStory/tech-betting-former-executive-race-california-governor-132733345
6
ABC News Politics Headlines
https://abcnews.com/Politics/wireStory/tech-betting-former-executive-race-california-governor-132733346
7
ABC News Top Stories
https://abcnews.com/Technology/wireStory/tech-betting-former-executive-race-california-governor-132733347
8
Fortune
https://fortune.com/2026/05/07/who-is-matt-mahan-silicon-valley-california-governor-san-jose-mayor