● IndustryOct 31, 2026 · 23:368 sources
S&P 500 Ex-AI Hits All-Time High With 8% October Gain as AI Stocks Drop 13%
From marketbrief.now
AI;DR
The S&P 500 excluding AI stocks closed at an all-time high with an 8% gain in October, while AI stocks fell more than 13% during the same period.
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- SUPPORT@mgnstnlyderivs“Active de-grossing (reduction in long + short positions) by global hedge funds has now hit over 8% of total gross exposure since June, according to the Morgan Stanley Prime Brokerage Content team.”x.com
- SUPPORT@jackfarley96“This has taken gross leverage for US long/short funds down to the 10th percentile versus the last year.”x.com
- SUPPORT@jaredkubin“Tech bled −$11.0B while the rest of the market took in +$29.4B.”x.com
- SUPPORT@kobeissiletter“AI stocks fell over -13% in October while the S&P 500 Excluding AI gained+8%.”x.com
- SUPPORT@awealthofcs“5 of the Mag 7s are in a double-digit drawdown right now: NVDA -11% AMZN -14% TSLA -18% META -22% GOOG -30%”x.com
- SUPPORT@howardlindzon“Apple is back as most valuable company in the world as Nvidia stock is now down 10 percent from highs”x.com
- SUPPORT@philippilk“He points to PIMCO dumping 50% of its AI debt and thinks that helped trigger the selloff.”x.com