> Bagholders needed! Hedge funds dumping tech and AI stocks at record pace

Hedge funds are making a major move out of U.S. tech, according to Goldman Sachs' Prime Services group.

In the week ended June 25, hedge funds sold Info Tech (XLK) equities at the fastest pace since Goldman’s data began in 2016. The selling was even heavier than during August 2024, when the Nasdaq 100 (QQQ) fell more than 10% into correction territory. (H/T Kobiessi Letter)

https://seekingalpha.com/news/4608744-h … d-goldman?

AI is pretty handy to quickly run an idea up the flagpole.   After that it gets sketchy.

You just don't understand business.  You've got to spend money, to make money!

Michael Burry is short NVIDIA and Micron.  He called Meta’s plans to lease excess processing time “dark fiber”.

VP_Spiro_T_Cheney wrote:Michael Burry is short NVIDIA and Micron.  He called Meta’s plans to lease excess processing time “dark fiber”.
It's a repeat of NetApp, Sun, etc. 90% of their revenue 1996-2000 came from other tech companies that simultaneously went bust. NTAP is apparently still around but the stock took 25 years to recover. 

 wrote:It's a repeat of NetApp, Sun, etc. 90% of their revenue 1996-2000 came from other tech companies that simultaneously went bust. NTAP is apparently still around but the stock took 25 years to recover. 
HODL until it moons and you have that Lambo!
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> Bagholders needed! Hedge funds dumping tech and AI stocks at record pace

Bagholders needed! Hedge funds dumping tech and AI stocks at record pace

Re: Bagholders needed! Hedge funds dumping tech and AI stocks at record pace

Re: Bagholders needed! Hedge funds dumping tech and AI stocks at record pace

Re: Bagholders needed! Hedge funds dumping tech and AI stocks at record pace

Re: Bagholders needed! Hedge funds dumping tech and AI stocks at record pace

VP_Spiro_T_Cheney wrote:

Re: Bagholders needed! Hedge funds dumping tech and AI stocks at record pace

wrote: