Hedge Funds Record-Sold U.S. Tech Amid AI Swings

Hedge funds sold U.S. tech stocks at a record pace as of July 20, 2026, per the Economic Times, as AI-driven volatility spooked them into de-risking. That helps explain why the Nasdaq gave up early gains to close down less than 0.1% on July 21. The open question: are dip-buyers absorbing the selling, or is it running out of steam?