Hedge funds sold global technology stocks at one of the fastest speeds on record last week due to fears that political opposition might hinder the construction of data centers, triggering a sharp reevaluation of AI transactions. Technology stocks are the sector with the largest net sales in the world and the US last week, and their percentage amount is roughly equal to Goldman Sachs Group's data since 2016. According to the bank's principal brokerage business data as of November 6, this also triggered the largest single stock net sales wave in four months. After the US midterm election results raised questions about the future pace of data center development and related semiconductor and other infrastructure requirements, investors competed to reduce risk. Market participants are increasingly focusing on how much can be built in the next few years. Hedge funds also sold US industrial stocks at the fastest rate since April 2020.

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