PremiumAI Unwinds: Hedge Funds Just Dumped AI Stocks At The 2nd Fastest Pace In A Year As Net Leverage Tumbles
Hedge funds spent nearly two years buying AI stocks. It took them five sessions to sell it all.
That is the takeaway from the just released "Prime Perspective: AI Unwinds" note (available to pro subs) from Goldman's Prime Insights & Analytics MD Vincent Lin, who sifted through the wreckage of yesterday's CPI-fueled rout, the first "-1% SPX / -2% NDX" session since late July. His verdict on the AI complex: