FinanceBloomberg Techabout 2 hours ago
Systematic Funds Drive $2.3 Trillion Tech Rout
1 min read
Trend-following systematic funds accelerated a record Nasdaq 100 plunge on Thursday, selling off $2.3 trillion in market value as a 6.4% drop. Concerns that a potential Democratic sweep will tighten AI regulation and crimp growth for chipmakers and data-center suppliers drove the move.
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