Is the AI Trade Broken, or Did Hedge Funds Just Get Squeezed?
Trey Thoelcke's November 11, 2026 article examines whether the AI trade is broken after Nvidia fell 22.6% over a month to $177.51 premarket and Millennium dropped 2.3% in October. Nishant Kumar calls it a perfect storm of funds losing together, Michael Ball blames a mechanical squeeze of shorts, and the article mostly sees a positioning unwind.
