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Goldman Sachs Group showed a similar trend, adding hedge funds have net sold megacap tech stocks in the past two weeks.
Other megacap stocks including Apple, Meta Platforms, Amazon.
Source: https://www.shorenewsnetwork.com/2023/10/02/nasdaq-rises-on-boost/
The S&P 500 and the Nasdaq Composite fell on Friday and posted their second straight weekly losses, as hotter-than-expected US producer prices data pushed Treasury yields higher and sank rate-sensitive megacap growth stocks.
Source: https://www.perthnow.com.au/business/markets/wall-st-slides-on-inflation-concerns-c-11563496