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Winners and losers of 2026 Themes:
#1 winner is Memory and Storage at 39.6% YTD
#1 loser is Enterprise SaaS at -32.9% YTD
Best hedgefunds are long memory, short SaaS.
It would be HIGHY contrarian to be long SaaS, short memory rn if you think market is overreacting to Claude killing SaaS.

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