AI at Risk Broadening

The GS AI At Risk basket experienced its third-worst day on record as software entered a bear market with net exposure hitting an all-time low of 4.2%. Contagion is spreading to financials and health care subsectors despite oversold technical signals.

Key Takeaways

• 1.The 'AI At Risk' (GSTMTAIR) basket suffered its worst day in nearly five years, signaling a significant drawdown in AI-linked software themes.
• 2.Software net exposure among hedge funds has hit a record low of 4.2%, down from a peak of 17.7%.
• 3.The software sell-off is broadening to other industries, impacting Alternative Asset Managers, exchanges, and CROs.

Table of Contents

• Additional Disclaimers
• Notice to Australian Investors
• Notice to Brazilian Investors
• Notice to Investors in Japan
• Notice to Mexican Investors
• Notice to New Zealand Investors
• Notice to Swiss Investors
• Notice to Investors in Korea

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