Goldman Sachs: Hedge Funds Have Wiped Out Their AI Stock Holdings Since 2025
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Goldman Sachs data shows that hedge funds sold AI stocks for five consecutive trading days in October, erasing all AI buying since the start of 2025. Morgan Stanley says hedge funds have cut more than 8% of their equity positions since June, the largest retreat since at least 2017. The selling was concentrated in memory chip stocks, with Samsung, SK Hynix, Micron, and SanDisk collectively losing more than $700 billion in less than two weeks. Goldman Sachs believes this round of deleveraging is closer to the beginning than the end.
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- Hacker News AIUS Hedge Funds Just Sold Every AI Stock They Bought Since 2025
Goldman Sachs data shows hedge funds sold AI stocks for five straight days in October, undoing every AI purchase made since the start of 2025, while Morgan Stanley says funds have cut more than 8% of their total stock bets since June. Big tech stocks crashed last week and erased $2 trillion from the market, with memory chipmakers Samsung, SK Hynix, Micron and SanDisk losing more than $700 billion in under two weeks. Goldman said the unwind looks closer to its start than its end, and funds' AI holdings still rank in the top 17% of the past three years.
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