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Goldman Warns of Record Tech Sell-Off as AI De-Risks

By Drooid · Oct 28, 2026, 15:28 UTC · How we work

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Goldman Sachs flagged the largest tech sell-off ever recorded in its prime brokerage book.
Rich Privorotsky said investors are de-risking AI and semiconductor stocks.
Invesco QQQ Trust is down about 4% this month despite a 16% year-to-date gain.
A 63-year-old with $900,000 in three funds could have $360,000 (40%) AI-linked exposure.
A 25% drop in that AI exposure would cut the account by about $90,000, leaving $810,000.

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Story summary

Goldman Sachs flagged the largest tech sell-off ever recorded in its prime brokerage book.
Rich Privorotsky said investors are de-risking AI and semiconductor stocks.
Invesco QQQ Trust is down about 4% this month despite a 16% year-to-date gain.
A 63-year-old with $900,000 in three funds could have $360,000 (40%) AI-linked exposure.
A 25% drop in that AI exposure would cut the account by about $90,000, leaving $810,000.