According to BlockBeats, hedge funds have conducted a significant sell-off of global technology stocks this week, marking the largest scale since August 2024. U.S. tech stocks accounted for 75% of the net sales during this period.
Analysts have noted that even during the early stages of the 2022 bear market, such a rapid exit from these stocks was not observed. The tech sector has led the decline this quarter, with the Nasdaq 100 Index dropping 13% over the past six weeks.