BREAKING: Hedge funds sold the second-largest amount of global technology stocks in 5 years this week, according to Goldman Sachs data. This was only smaller than the early August 2024 sell-off. The most activity was seen in US tech which accounted for 75% of the net selling. Not even the early stages of the 2022 bear market experienced such a rapid exit from these stocks. The sector has led this quarter’s losses with the Nasdaq 100 index declining -13% over the last 6 weeks. Hedge funds continue to dump Big Tech.