Hedge funds are aggressively selling tech stocks at an unprecedented rate in June, according to Goldman Sachs. This month's net selling in the U.S. tech sector is on track to be the largest in the bank's records, which date back to 2017. Despite a recent rally in tech stocks, hedge funds have been offloading these assets rapidly. The tech sector currently constitutes 33% of the S&P 500, the highest in nearly 24 years. Futures slipped as Micron’s sell-off sent a fresh reminder about the risk of bullish AI bets.