📢 Flash
Walleye Capital, a hedge fund managing over $17 billion, told investors in a letter that it posted its worst single-month performance in six years and will cut staff and return capital to investors.
On November 5, U.S. tech stocks suffered a sharp sell-off: the Nasdaq Composite Index plunged 5.5%, while the S&P 500 dropped 4.4%. Semiconductor stocks led the decline—SanDisk tumbled 22.3%, Micron Technology fell 17.5%, AMD slid roughly 17%, and NVIDIA declined 9.3%. Compiled by Walleye Capital; translated by Jiahuan.
Behind this selloff, investors are reassessing the potential impact of the U.S. midterm election results on the pace of AI data center construction—and whether the massive capital inflows into the AI sector will deliver the expected returns.
The market’s volatility has also drawn attention to hedge fund operations: Walleye Capital, which manages over $17 billion in assets, posted a 5.9% loss in October—the worst single-month performance since March 2020.
Subsequently, the firm notified…
Behind this selloff, investors are reassessing the potential impact of the U.S. midterm election results on the pace of AI data center construction—and whether the massive capital inflows into the AI sector will deliver the expected returns.
The market’s volatility has also drawn attention to hedge fund operations: Walleye Capital, which manages over $17 billion in assets, posted a 5.9% loss in October—the worst single-month performance since March 2020.
Subsequently, the firm notified…
