Hedge funds have dumped a large number of global technology stocks this week, according to Goldman Sachs. The scale of the sell-off in the past five years is second only to the scale of the sell-off in early August 2024. US technology stocks accounted for 75% of the net sell-off in this round. The analysis pointed out that even in the early days of the 2022 bear market, these stocks have not seen such a rapid exit. The sector led the decline this quarter, with the Nasdaq 100 index down -13% in the past six weeks.