Hedge Funds Dumped U.S. Tech Stocks at Record Pace Amid AI Volatility

Hedge funds sold U.S. tech stocks at a record pace as of July 20, 2026, per the Economic Times, amid AI-driven volatility. The de-risking helps explain why the Nasdaq surrendered early gains to close down less than 0.1% on July 21. The open question: whether dip-buyers are absorbing the flow or the selling has genuinely exhausted.