Goldman Sachs data shows that hedge funds have sold a large amount of global tech stocks this week. The scale of this sale is second only to the sale in early August 2024 in the past 5 years. In this round of sales, US tech stocks accounted for 75% of net sales.

Analysis points out that even in the early stages of the 2022 bear market, these stocks did not see such a rapid exit. This sector led the decline this quarter, with the Nasdaq 100 index falling -13% in the past 6 weeks.