"Hedge Funds Rapidly Dump Tech Stocks After Nvidia's Earnings Surge"

Hedge funds are rapidly selling off tech stocks following Nvidia's impressive earnings report, with the sector experiencing net selling for four consecutive trading sessions. Goldman Sachs noted that after a six-week buying streak, hedge funds unloaded tech stocks at the fastest pace in over seven months. Despite the market's confidence in tech stocks, hedge fund investors are redirecting cash from the tech trade to real estate, consumer staples, and materials, while shifting focus to broader economic indicators and the Fed's rate-cutting timelines.