# Calpers retreats from Big Tech as AI rally falters — retained record

> Retained news record from news:ft-tech.

Canonical: https://highsignal.app/data/records/d58f3267b57c8cfa

[← sources](https://highsignal.app/data)


source: [news](https://highsignal.app/data/news) (news:ft-tech)  published 2026-10-23 04:00 ingested 2026-10-23 15:31

[original source ↗](https://www.ft.com/content/e842173f-6f9f-4115-9e5f-a0f06f0df18d?syn-25a6b1a6=1)

## retained text



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



document fetched 2026-10-24 02:55 · canonical https://ft.com/content/e842173f-6f9f-4115-9e5f-a0f06f0df18d?syn-25a6b1a6=1