[AI Tech Stock Plunge Shocks Wall Street, Hedge Funds Suffer Huge Losses and Close Down] According to Wall Street News, a new round of plunges in tech stocks is triggering a chain reaction in the hedge fund industry. Business Insider reports that Walleye Capital, a multi-strategy hedge fund with $17 billion in assets, announced the layoff of its core equity long/short team, the return of some investor funds, and a business restructuring. The fund lost 5.9% in October, its worst monthly performance since March 2020, and has accumulated a loss of 6.8% year-to-date. In this sell-off, Goldman Sachs data shows that hedge funds net sold approximately $20 billion worth of tech stocks in two weeks, wiping out their net long positions in AI stocks accumulated since the beginning of 2025 in just five trading days.