US Hedge Funds Just Sold Every AI Stock They Bought Since 2025
Lockridge Okoth's November 1, 2026 Yahoo Finance article reports that a late-October 2026 selloff erased about $2 trillion from big tech and the Nasdaq-100, with memory chipmakers like Samsung, SK Hynix, Micron, and SanDisk losing over $700 billion in under two weeks. Citing Goldman Sachs data, it claims hedge funds sold AI stocks for five straight days, undoing every AI purchase since the start of 2025, and cut over 8% of total bets since June 2026 per Morgan Stanley. Jordi Visser blames borrowed money rather than weak demand, Tom Lee suspects one forced seller, and Goldman Sachs says the unwind looks closer to its start than its end.
