Hedge funds dumped chip stocks for a fourth week as AI shares sold off

Goldman Sachs said U.S. hedge funds sold tech hardware stocks for a fourth consecutive week, aligning with a broader decline in global chip shares. The selling comes just ahead of multiple companies’ upcoming earnings reports, suggesting positioning is leaning cautious into the results cycle.

Analysis

Goldman Sachs said U.S. hedge funds sold tech hardware stocks for a fourth consecutive week, aligning with a broader decline in global chip shares. The selling comes just ahead of multiple companies’ upcoming earnings reports, suggesting positioning is leaning cautious into the results cycle.