Hedge funds cut tech stocks at fastest pace in a decade, Goldman Sachs says

Goldman Sachs prime brokerage data shows funds dumping AI and chip positions as the Nasdaq 100 posted its worst week since April 2025 Hedge funds have been heading for the exits on tech, and they are not walking. According to Goldman Sachs prime brokerage data, funds cut their technology exposure at the fastest rate in at least ten years. The selling ran from October 10 to October 15, 2026. Goldman’s records go back to 2016, and no stretch in that dataset saw a larger proportional cut to tech positions. The selling was not spread evenly across the sector. Funds focused their exits on AI-linked names, with semiconductors taking the biggest hit in dollar terms. The scale was striking.

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