Goldman's Pasquariello Says Tech Rout Casts Doubt on AI Trade

Hedge funds sold technology stocks at the fastest pace in two years last Thursday during Wall Street's biggest rout since July. Goldman Sachs' Tony Pasquariello said the selloff casts serious doubt on conviction in the AI trade.

• Hedge funds sold tech stocks at the fastest pace in two years
• The Wall Street rout was the biggest since July
• Goldman's Pasquariello questioned conviction in the AI trade