TechBloomberg Tech1h ago
Tiger Global, Whale Rock, D1 Battered by AI Jitters in October
TL;DRMajor hedge funds lost money in October as AI investment worries spooked the market.
Why it matters: Shows even sophisticated investors struggle timing AI hype cycles and market corrections.
Tiger Global Management and Whale Rock Capital Management were among stock-picking hedge funds that were pummeled last month as concerns over AI investments roiled markets.
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