Goldman Sachs Logs Record Tech Selling as AI Investors Demand Revenue
Photo: TokenPost
Rich Privorotsky, Goldman Sachs’ head of European Equities Trading within FICC and Equities, said the bank’s prime-brokerage book logged a record technology-stock sell-off last week as investors demanded revenue from AI spending. Podcast host Chris Hussey framed the crowded strategy of betting on AI while shorting everything else as unwinding. Privorotsky described concentrated positions in AI, semiconductor companies and hyperscalers, saying recent weeks had been painful for those consensus trades. Goldman Sachs also measured hedge funds’ sharpest proportional retreat from technology positions since 2016, a separate record in hedge-fund technology cuts .
Source: TokenPost
