According to Goldman Sachs data, hedge funds sold the second-largest amount of global technology stocks in five years this week, second only to the sell-off in early August 2024. In this round of selling, U.S. tech stocks accounted for 75% of the net sell-off. Analysts noted that the speed at which these stocks were sold was not as rapid even at the beginning of the bear market in 2022. The Nasdaq 100 index has fallen by 13% over the past six weeks.

PANews reported on March 30 that according to Goldman Sachs data, hedge funds sold the second-largest number of global technology stocks in five years this week, second only to the sell-off in early August 2024. In this round of sell-off, US technology stocks accounted for 75% of the net sell-off. Analysis pointed out that even in the early days of the 2022 bear market, the speed of selling these stocks was not so fast. The Nasdaq 100 Index has fallen 13% in the past six weeks.

Hedge funds massively sold off tech stocks, reaching the second highest level in five years.