TechFlow News, June 26: According to Hyperinsight monitoring data, large-cap tech stocks weakened following Apple’s sharp decline. Additionally, persistently high U.S. PCE inflation and diminishing market expectations for rate cuts prompted investors to take profits from overvalued AI-related stocks, causing broad declines across AI-sector equities overnight and into this morning.
A whale address (0x3200) on Hyperliquid has consistently accumulated positions in AI-related stocks over the past month, building positions in NVDA, MSFT, MU, SKHX, GOOGL, META, BABA, and MRVL. Its cumulative position size peaked at $89.7 million.
Amid this latest correction, its total unrealized loss has widened to $8.5 million, including a $3.47 million increase in unrealized losses over the past 24 hours. NVDA (average entry price: $212) and MSFT (average entry price: $407) are now its largest loss contributors, with unrealized losses exceeding their respective initial capital allocations.
The address fully closed its long positions in SKHX and MU today, realizing modest profits. Its current portfolio size has decreased to $72.7 million.
