Equity selloff and AI trade doubts
Hedge fund deleveraging and signs that the AI earnings boom is plateauing are weighing on markets, with traders rotating to other ideas.
What we know
Zerohedge notes hyperscalers burned $31B in Q3 as Goldman warns the AI boom has stopped accelerating. A commentary thread cites ~7.8% hedge fund gross exposure cuts. Kim Forrest says AGI job takeover hasn't happened. One trader fell from +30% to -2% YTD. Coinbase's weekly recap lists the S&P 500 down 0.77% and Anthropic filing for IPO.
Sources
@CoinbaseMarkets
“Anthropic files for IPO. The S&P 500 fell 0.77%”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.