GS · News · 20261019N

AI Investment Outlook

GOLDMAN SACHS GROUP INC · 2026-10-19 · Importance 22 · Surprise 32

Goldman Sachs reported that hedge funds reduced technology-stock exposure at the fastest pace in at least a decade during the five trading sessions through October 15, 2026. The repositioning followed a 5.5% weekly decline in the Nasdaq 100, attributed to a global unwinding of the AI trade and concerns about AI infrastructure spending. Gross hedge-fund trading activity also fell at its fastest pace in nearly three months, indicating weaker near-term risk appetite in technology markets.