Four Straight Weeks of Hedge Fund Chip Sales Signal Real Repositioning, Not Panic

Hedge funds sold semiconductor stocks for a fourth consecutive week through early July 2026, extending losses that began after a semiconductor index collapsed 8% on June 23. The sustained outflow matters: it suggests funds are actively cutting AI chip exposure rather than absorbing a one-day shock. Bubble language, not correction talk, now dominates market commentary—a framing that tends to accelerate de-risking rather than draw buyers into dips.