● IndustryNov 2, 2026 · 09:518 sources
Hedge Funds Go Underweight AI for First Time Since Early 2023 After $5T Rout
From huggingnews.com
AI;DR
Hedge funds moved underweight the broader AI trade for the first time since early 2023 according to Morgan Stanley prime brokerage data. Goldman Sachs data shows hedge funds sold AI stocks for five straight sessions from Oct. 8 to Oct. 14. From Oct. 6 through Oct. 30, 47 AI and semiconductor stocks lost about $5 trillion in market value.
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- SUPPORT@zerohedge“MS: hedge funds have now moved underweight the broader AI trade for the first time since early 2023, and the combined summer and October de-grossing marks "the largest sustained stretch of L/S fund de-risking in over 15 years, as gross exposure never fully recovered between episodes."”x.com
- SUPPORT@jaredkubin“3/ it was a rotation. Tech bled −$11.0B while the rest of the market took in +$29.4B.”x.com
- SUPPORT@charliebilello“Apple is now the only Mag 7 stock that is outperforming the S&P 500 this year.”x.com
- SUPPORT@bulltheoryio“Apple is now the world's largest company with a market cap of $5.03 TRILLION.”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@morningbrew“October 6–30...... 🔴 AI stocks ⬇️ ~$5 trillion 🟢 Rest of the market ⬆️ ~$1.3 trillion”x.com
- SUPPORT@marionawfal“More than $2 TRILLION was on track to be wiped off the Nasdaq 100 in October, and now Wall Street is getting nervous about something far more dangerous: DEBT.”x.com