Big Money Exits Nasdaq as AI Disruption Fears Trigger Longest Selloff Since 2022
Asset managers have slashed Nasdaq 100 futures exposure by over $7 billion since mid-January, marking the largest net-long reduction since spring 2022. Short positions surged by $3 billion while long bets unwound, reflecting growing tech sector caution.
The Nasdaq Composite's fifth consecutive weekly decline—its worst streak since 2022—coincides with mounting AI disruption fears. Tech stocks led Tuesday's pre-market losses with Nasdaq 100 futures down 0.6%, though Morgan Stanley maintains conviction in AI infrastructure plays.
Market participants are aggressively reassessing tech exposures as AI's sector-wide implications come into focus. The repositioning extends beyond pure-play tech names, with investors scrutinizing business models across industries for AI vulnerability or advantage.
