Goldman’s Pasquariello questions AI trade after hedge funds dump tech stocks

Hedge funds sold technology stocks at their fastest pace in two years during last Thursday’s market rout. The Nasdaq 100 fell 2.9% that day, according to The Next Web, which also reported that Goldman Sachs’ Tony Pasquariello expects the bull market to continue but with less momentum.

• Microsoft, Alphabet and Amazon report earnings this week, according to The Next Web.

Covered by 2 publishers within 1 hour of the first report.

• The Next Web: Goldman’s Pasquariello says the tech sell-off raises doubts about AI stocks

Reporting2

BL Bloomberg Goldman’s Pasquariello Says Tech Rout Casts Doubt on AI Trade · Jan-Patrick Barnert 12:51 PM

TNW The Next Web Goldman’s Pasquariello says the tech sell-off raises doubts about AI stocks · Ana-Maria Stanciuc 1:40 PM

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