According to CoinMeta, data from Goldman Sachs shows that hedge funds wiped out all their AI purchases since 2025 in just 5 days. The bank’s main brokerage department observed that the funds sold net AI stocks globally for five consecutive trading days, reversing all their AI purchases since the beginning of 2025. In addition, they sold approximately $20 billion worth of tech stocks within two weeks, at a speed 3.5 times that of their new bets on AI. Goldman Sachs’ favorite stock basket fell 4.2% on October 22nd, recording its worst performance since 2011. According to Morgan Stanley, hedge funds reduced their total exposure by about 7.8%, the largest decline since 2016. Memory giants Samsung, SK Hynix, Micron, and Sandisk lost over $700 billion in less than two weeks. Chip stocks fell 15.6% in October, while the S&P 500 index only fell by less than 1%.