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Hedge funds cut US tech exposure at fastest pace on record
A Goldman Sachs note cited by Bloomberg attributes the shift to persistent volatility across AI and semiconductor stocks.
Hedge funds have reduced their exposure to US technology stocks at the fastest pace on record, as volatility persists across areas tied to artificial intelligence and semiconductors, according to a report by Bloomberg that cited a note from Goldman Sachs.
Hedgeweek reports that investors are cutting positions in response to the continued choppiness in AI and semiconductor shares.
The move reflects an AI trade unwind that appears to be accelerating, with hedge fund managers trimming technology exposure rather than adding risk amid market swings.