🚨HUGE: Goldman data shows hedge funds wiped out ALL their AI buying since 2025 in just 5 days. The bank's prime brokerage desk saw them net sell global AI stocks for five straight sessions, reversing all their AI buying since the start of 2025. They also sold about $20 BILLION of tech stocks in two weeks. Most of it was selling what they owned, at 3.5 times the pace of new bets against AI. Goldman's basket of hedge funds' favorite stocks fell 4.2% on October 22, its worst day since 2011. Across all stocks, hedge funds cut about 7.8% of their total exposure, the biggest drop in Morgan Stanley data going back to 2016, per Steno Research. Memory giants Samsung, SK Hynix, Micron and SanDisk lost more than $700 BILLION in under two weeks. Chip stocks fell 15.6% in October, while the S&P 500 fell less than 1%.