[Goldman Sachs: Global Tech Stocks See Net Selling of $20 Billion in Two Weeks, AI Financing Risks Rise] According to BlockBeats, Goldman Sachs data released on October 26th shows that global tech stocks experienced net selling of approximately $20 billion over the past two weeks, reaching an extreme level of -3.3 standard deviations. The TMT sector saw selling volumes approaching the $23 billion seen in July of this year. Simultaneously, the volatility spread between the Nasdaq 100 and S&P 500 indices rose to the 98th percentile over the past five years, indicating a significant increase in market demand for tech stocks as a safe haven. AI financing pressures have also become a market focus. According to JPMorgan Chase, AI infrastructure debt financing has exceeded $500 billion this year, with financing costs for hyperscale cloud service providers rising by approximately 120 basis points. With Google, Microsoft, and Amazon releasing their earnings reports this week, the market will focus on whether AI capital expenditures can translate into actual revenue and the sustainability of financing for subsequent investment expansion. JPMorgan Chase believes that the financing links between Nvidia and GPU carriers could become a channel for credit risk transmission; if carrier financing tightens, the pressure could spread upstream along the supply chain. However, the bank remains constructive on the fundamentals of the technology sector, believing that a buying window may appear in early November, but it still needs to observe signals such as further market positioning, corporate profit realization, and narrowing credit spreads. [Original Link]