The Financial Post reports in its Tuesday, Nov. 10, edition that hedge funds rapidly sold technology stocks last week. A Bloomberg dispatch to the Post reports that, nevertheless, many on Wall Street remain optimistic about the artificial intelligence boom. Goldman Sachs noted that hedge fund sales of global tech stocks hit record levels, marking tech as the most heavily net-sold sector worldwide, leading to the largest single-stock net selling in four months. The U.S. midterm elections sparked worries about tighter AI regulation and future datacentre capacity. The Nasdaq 100 saw its biggest drop since COVID, losing $2.3-trillion (U.S.) in a single day, while the S&P 500 experienced its largest weekly loss since April, 2025. Meanwhile, the sharp deterioration in momentum that played out in equities last week may have pushed investor pessimism close to peak levels, according to JPMorgan analysts. "There are increasing signs of investor capitulation after the largest unwind of Long Momentum against the market in about 40 years," said the team led by Dubravko Lakos-Bujas. Deleveraging metrics are back to "Liberation Day" levels, and investor sentiment has swung from bullish in June to bearish, they said.