According to Goldman Sachs' prime brokerage, hedge funds that buy perceived winners and sell perceived losers lost money on every trading day last week, with losses of 2.9% as of October 15, though they are still up 14.3% year to date. Funds focused on Asia lost 6.8% in the first half of this month, erasing more than half of the gains they had made by the late-June 2026 peak, when they were up over 40% year to date. The sell-off followed a heavy AI-stock sell-off on October 14, with CoreWeave and Broadcom under pressure, and CoreWeave's bonds were sold heavily, pushing yields above 15%. Bruno Schneller of Erlen Capital Management said the moves look less like a rejection of AI than a rapid, forceful exit from stocks that had attracted too much money.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Các quỹ dự phòng rủi ro lỗ nặng do làn sóng bán tháo cổ phiếu AI
Read the original on Vietstock ↗
Keywords
artificial intelligenceinvestment trustsCoreWeavebonds
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/16/2026 | 214.14 |
| Change that session | -1.42% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/16/2026 | 709.82 |
| Change that session | -2.50% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/16/2026 | 763.31 |
| Change that session | -1.10% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- The Bond Market Is Sending a Warning to Nvidia Shareholders
CoreWeave's stock dropped after a chart shared by Chamath Palihapitiya showed its bonds due 2032 yielding 15%, and Reuters reported its April notes due 2031 topped 16%. Rising yields signal growing market concern about default risk and whether neoclouds can earn returns above their cost of capital. That is a problem for Nvidia, which invested $2 billion each in CoreWeave and Nebius and agreed to buy CoreWeave's unused capacity through 2032. CoreWeave says its $104 billion contracted backlog covers its debt, while Nvidia's plan to finance up to $500 billion in AI build-outs faces bank objections over GPU residual values. The article notes Nvidia trades at about 23 times forward earnings, a level that may already reflect this financial pressure.
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Shares of neocloud operators CoreWeave (CRWV), Nebius (NBIS) and IREN edged up overnight after a week of selling driven by doubts over business models and higher financing costs. CoreWeave had fallen more than 20% in the early part of the week before gaining 6% on Thursday, supported by Nvidia CEO Jensen Huang. According to The Information, industry executives expect only seven to ten of hundreds of neoclouds to survive, with Nvidia supporting them through easier credit terms and $20 billion in leases. Bloomberg reported that Nscale faces opposition to its $30 billion IPO valuation, while CoreWeave's unsecured debt due in 2032 fell below 80 cents on the dollar, a level widely seen as a sign of financial strain.
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The author argues that last week's sell-off, especially Friday's, does not mean the data center and AI 'super-cycle' is over. He suggests the selling may instead reflect unwinding positions and the collapse of a hedge fund that borrowed billions from a firm that has not yet disclosed its losses. He notes that semiconductors fell nine straight days and CoreWeave's corporate bond yields spiked, arguing the bond market is squeezing debt-funded buyers. He defends Nvidia and CEO Jensen Huang, saying Nvidia's funding of AI companies differs from the circa-2000 'vendor finance' that benefited vendors whose customers did not need their products. He believes AI demand is real, citing OpenAI, Anthropic and Google's Gemini, which have monetized AI at scale.
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Trillions in borrowed money have fueled the AI boom, but investors are growing uneasy about whether more can be raised and repaid. CoreWeave, which has accrued $72 billion in liabilities to run 51 data centers, saw its bond prices crash, with investors pricing a more than 60% chance it would fail to meet its obligations. Oracle bonds also sold off, though less steeply, and the cost of insuring SoftBank's debt against default climbed. Barclays says the spread on risky AI debt rose more than 50% over six months. CoreWeave's model of leasing space for 15 years or more and subleasing it to shorter-term customers such as Meta, Microsoft and OpenAI has drawn WeWork comparisons, which the company disputes.
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