According to Goldman Finance, data from Goldman Sachs shows that hedge funds sold a large number of global technology stocks this week. Its scale is second only to the scale of the sell-off in early August 2024 in the past five years. In this round of sell-off, U.S. technology stocks accounted for 75% of the net sell-off. Analysis points out that even in the early stages of the 2022 bear market, these stocks have not seen such rapid exits. The sector led the decline in the quarter, with the Nasdaq 100 falling -13% in the past six weeks.