Goldman Sachs: Hedge Funds Have Sold AI Stocks for Five Consecutive Days, Erasing All Net Buying Accumulated Since the Star

Hedge funds sold AI-related stocks for a fifth consecutive trading day, erasing their entire net buying of AI equities accumulated since the start of 2025, according to Goldman Sachs prime brokerage data cited by Coin Bureau on November 1. Over the past two weeks, funds dumped roughly $20 billion in tech stocks, primarily by trimming existing long positions, with long sales running about 3.5 times the size of new AI short bets. On October 22, Goldman's hedge fund favorite stock basket fell 4.2% in a single day, its worst performance since 2011, while overall hedge fund equity exposure was cut by about 7.8%—the largest reduction since Morgan Stanley began tracking in 2016, per Steno Research. Memory chipmakers including Samsung, SK Hynix, Micron, and SanDisk lost over $700 billion in combined market value in less than two weeks. October chip stocks fell 15.6% cumulatively, versus a drop of less than 1% for the S&P 500. Watch whether the de-grossing extends into November and whether AI hardware earnings can stabilize sentiment.