Goldman’s Pasquariello says the tech sell-off raises doubts about AI stocks

Hedge funds sold tech stocks at their fastest pace in two years during last Thursday’s rout, Goldman Sachs’ Tony Pasquariello told clients, Bloomberg reported. The Nasdaq 100 fell 2.9% that day. He expects the bull market to continue, but with less punch, as Microsoft, Alphabet and Amazon report this week.

Hedge funds sold tech stocks at the fastest pace in two years last Thursday, during Wall Street’s worst sell-off since July, Goldman Sachs’ Tony Pasquariello told clients, Bloomberg reported. He…