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Monday 9 November 2026
Friday close S&P 5007,376.86+0.3% Dow51,285.73−0.5% Nasdaq24,579.42+1.1% US 10Y4.86%+2 bp Gold$4,075−0.9% Brent$98.32 As of 6 November. CNBC, Yahoo Finance.
Markets

Tiger Global and Whale Rock post heavy losses in October’s AI selloff

Tiger Global’s flagship fund fell 8.5% in October and Whale Rock’s about 8%, according to Bloomberg, as selling in technology and chip stocks hit crowded AI positions.

Source published · In the Daily Brief of 9 November 2026

Filed under Markets, AI industry

Tiger Global’s flagship hedge fund fell 8.5% in October, leaving it broadly flat for 2026, and Whale Rock’s flagship fell about 8%, reducing its year-to-date gain to around 34%, Bloomberg reported. D1 Capital Partners lost 4.4% in its equity portfolio, leaving it up 18.8% for the year. Atreides Management’s $3.4bn flagship fund declined 9.5%, and its smaller hedge fund fell 16%.

The losses followed a retreat from technology and semiconductor stocks as investors questioned the financing and profitability of the AI buildout. The selling continued into November: the Nasdaq fell 5.5% on Thursday 5 November, its steepest daily decline since April 2025, before regaining 1.09% on Friday.

Back to the Daily Brief of 9 November 2026