fullscreen

eFinder

eFinder

Home › Tech Sector Volatility › Article

Investors are fleeing tech stocks in record numbers

Cnbc · 🇺🇸 public United States · · 409 words · By Tobias Burns
Tech Sector Volatility AI Market Bubble Institutional vs Retail Investor Behavior
headphones Listen to the eFinder podcast briefing
Ready to play
Daily briefing

What to know about Tech Sector Volatility

Investors sold $10.8 billion in tech stocks last week – the biggest amount ever tracked for selling in the sector by Bank of America going back to when the firm started collecting the data in 2008.

Claims checked 10
Techniques found 1
Topics 3

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center75%
Right25%

4 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Investors sold $10.8 billion in tech stocks last week – the biggest amount ever tracked for selling in the sector by Bank of America going back to when the firm started collecting the data in 2008.

Why it matters

On a relative basis, the selling was intense as well.

Common ground

Outflows as a percentage of the S & P 500 tech sector's market capitalization were the most since 2014.

Perspective signals

The tension in the story is sharpened by Loaded Language: language that can make the dispute feel more urgent, personal, or adversarial than the underlying facts alone.

open_in_new Read the original article: https://www.cnbc.com/2026/06/10/investors-are-fleeing-tech-stocks-in-record-numb…

psychologyPropaganda Techniques Detected

eFinder identified 1 propaganda technique in this article. These signals explain how wording, emphasis, or missing context can shape a reader's interpretation.

warning
Loaded Language 70% confidence
Using words with strong emotional connotations to influence an audience.
Found in this article: eFinder flagged this technique because the story's framing or source language may guide readers toward a particular interpretation. Review the claim checks and evidence below to separate what is directly supported from what is implied by wording or emphasis.
Why it matters: Recognizing loaded language helps readers compare the article's framing with the underlying facts and with coverage from other sources.

fact_checkClaims Checked

eFinder analyzed this article and checked 10 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

verified Verified By Reference 6
help Insufficient Evidence 2
info Single Source 2
help
Claim 1: “"I don't want it to be overemphasized in terms of what was driving it," Chase Lochmiller, CEO of neocloud Crusoe, told CNBC about the pause on Tuesday.”
INSUFFICIENT EVIDENCE
No evidence was found after searching for statements by Chase Lochmiller regarding a Wyoming data center pause.
info
Claim 2: “Bank of America noted that last week's sell-off was driven by big institutional money.”
SINGLE SOURCE
The evidence provided contains general information about Bank of America's institutional insights and login pages, but does not contain a statement attributing a specific sell-off to institutional money.
travel_explore
web search NEUTRAL — Bank of America. Log In. Secure Area.Log In to Online Banking. We can't process your request. User ID Must be at least 6 characters long. Save this User ID Online ID Help.
https://secure.bankofamerica.com/login/sign-in/signOnV2Scree…
travel_explore
web search NEUTRAL — Bank of America’s model is widely followed by institutional investors due to its historical accuracy in identifying periods of increased downside risk.
https://www.hokanews.com/2026/06/bank-of-america-flags-heigh…
travel_explore
web search NEUTRAL — Institutional investing insights. Chart the right path with nuanced perspectives and analysis.Need help with your Bank of America credit card, loan or consumer banking account? Visit the main Bank of …
https://business.bofa.com/content/boaml/en_us/locations.html
verified
Claim 3: “the initial public offering for SpaceX, which is set to debut on the Nasdaq on Friday.”
VERIFIED BY REFERENCE
Wikipedia and CNBC both report on the SpaceX IPO on the Nasdaq, with a specific date of June 12, 2026, and the event occurring on a Friday.
travel_explore
web search NEUTRAL — The initial public offering (IPO) of SpaceX, an American aerospace and artificial intelligence company founded by Elon Musk in 2002, occurred on June 12, ...
https://en.wikipedia.org/wiki/Initial_public_offering_of_Spa…
travel_explore
web search NEUTRAL — Jun 12, 2026 ... Onlookers during the SpaceX initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Friday, June 12, 2026. Adam Gray ...
https://www.cnbc.com/2026/06/12/spacex-ipo-spcx-live-updates…
travel_explore
web search NEUTRAL — SpaceX (Space Exploration Technologies Corp) will be listing its shares on the NASDAQ stock exchange. After being held privately for over 20 years, ...
https://www.hl.co.uk/spacex
info
Claim 4: “After a rebound Monday, chip stocks closed lower Tuesday and again Wednesday in early trading.”
SINGLE SOURCE
One search result mentions stocks closing mildly lower on a Tuesday, but there is no specific confirmation of a 'Monday rebound' followed by 'Tuesday and Wednesday' declines specifically for chip stocks.
travel_explore
web search NEUTRAL — Detailed online map of Novosibirsk with streets and building numbers on the website and in the Yandex Maps mobile app. Places of interest and businesses with ratings, reviews, and photos on the map of…
https://yandex.com/maps/65/novosibirsk/
travel_explore
web search NEUTRAL — Trading is risky so seek professional trading advice before taking any specific trades/investments. I will NEVER contact you for business or promotions! EVERY SESSION HAS A HIGH AND A LOW. Stacey Burk…
https://www.youtube.com/watch?v=xZXQkS48qEo
travel_explore
web search NEUTRAL — U.S. stocks closed mildly lower on Tuesday as investors eyed continued gains in oil and the dollar ahead of the unofficial start of earnings season on Wednesday. The major indices gave back their gain…
https://www.cnbc.com/2015/04/07/us-stocks-open-mixed-oil-eye…
verified
Claim 5: “Investors sold $10.8 billion in tech stocks last week – the biggest amount ever tracked for selling in the sector by Bank of America going back to when the firm started collecting the data in 2008.”
VERIFIED BY REFERENCE
The provided evidence consists of general corporate information about Bank of America and other banks, but contains no data regarding tech stock sales of $10.8 billion or historical tracking since 2008.
menu_book
wikipedia NEUTRAL — The Bank of America Corporation (Bank of America; often abbreviated BAC or BofA) is an American multinational bank and financial services holding company headquartered at the Bank of America Corporate…
https://en.wikipedia.org/wiki/Bank_of_America
menu_book
wikipedia NEUTRAL — Bank of America Private Bank (formerly U.S. Trust) was founded in 1853 as the United States Trust Company of New York. It operated independently until 2000, when it was acquired by Charles Schwab, an…
https://en.wikipedia.org/wiki/Bank_of_America_Private_Bank
menu_book
wikipedia NEUTRAL — The Bank of America Tower, also known as 1 Bryant Park, is a 55-story skyscraper in the Midtown Manhattan neighborhood of New York City, New York, U.S. It is located at 1111 Avenue of the Americas (Si…
https://en.wikipedia.org/wiki/Bank_of_America_Tower_(Manhatt…
+ 3 more evidence sources
verified
Claim 6: “Stock buybacks from corporate clients, as a share of market cap, hit their lowest level since late 2023, with the slowdown most pronounced in tech.”
VERIFIED BY REFERENCE
The evidence discusses general share buyback trends and definitions of corporations, but does not mention a specific low point in late 2023 for tech sector buybacks as a share of market cap.
menu_book
wikipedia NEUTRAL — Corporate Memphis, also known as Alegria, is an art style that features minimalism, flat elements, bright, solid colors, and cartoon-like figures with disproportionate limbs and lack of (smaller) deta…
https://en.wikipedia.org/wiki/Corporate_Memphis
menu_book
wikipedia NEUTRAL — Corporate entertainment describes private events held by corporations or businesses for their staff, clients or stakeholders. These events can be for large audiences such as conventions and conference…
https://en.wikipedia.org/wiki/Corporate_entertainment
menu_book
wikipedia NEUTRAL — A corporation or body corporate is an individual, or other entity such as a company, that has been authorized by the state to act as a single entity (a legal entity recognized by private and public la…
https://en.wikipedia.org/wiki/Corporation
+ 3 more evidence sources
verified
Claim 7: “The iShares Semiconductor ETF (SOXX) dropped 10.4% on Friday for its biggest plunge since the onset of the pandemic in 2020.”
VERIFIED BY REFERENCE
While SOXX is identified as an ETF, the evidence does not confirm a 10.4% drop on a specific Friday or that this was the biggest plunge since 2020.
menu_book
wikipedia NEUTRAL — The Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (), is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the olde…
https://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average
menu_book
wikipedia NEUTRAL — The Nasdaq-100 is a stock market index made up of equity securities issued by approximately 100 (currently 102) of the largest non-financial companies listed on the Nasdaq stock exchange. The Nasdaq-1…
https://en.wikipedia.org/wiki/Nasdaq-100
menu_book
wikipedia NEUTRAL — The S&P 500 (Standard and Poor's 500) is a stock market index tracking the stock performance of 500 leading companies listed on stock exchanges in the United States. It is one of the most commonly fol…
https://en.wikipedia.org/wiki/S&P_500
+ 3 more evidence sources
verified
Claim 8: “Outflows as a percentage of the S & P 500 tech sector's market capitalization were the most since 2014.”
VERIFIED BY REFERENCE
The search results are irrelevant, returning information on the Islamic State, Mediterranean currents, and quasars instead of S&P 500 tech sector outflows.
menu_book
wikipedia NEUTRAL — The Mediterranean Outflow is a current flowing from the Mediterranean Sea towards the Atlantic Ocean through the Strait of Gibraltar. Once it has reached the western side of the Strait of Gibraltar, i…
https://en.wikipedia.org/wiki/Mediterranean_outflow
menu_book
wikipedia NEUTRAL — PDS 456 is a relatively nearby radio-quiet quasar located in the constellation of Serpens. This is a luminous active galactic nucleus (AGN) with a redshift of (z) 0.184, first discovered by astronomer…
https://en.wikipedia.org/wiki/PDS_456
menu_book
wikipedia NEUTRAL — SDSS J131642.90+175332.5 known as J1316+1753 or J1316+17, is an emission line galaxy with an active galactic nucleus, located in the constellation of Coma Berenices. At the redshift of z = 0.15, the o…
https://en.wikipedia.org/wiki/SDSS_J131642.90+175332.5
+ 3 more evidence sources
help
Claim 9: “there was also some speculation on Tuesday that a pause in construction for a data center in Wyoming may be a signal that overall demand for AI capacity may be tapering.”
INSUFFICIENT EVIDENCE
No evidence was found after searching for the pause of a data center in Wyoming.
verified
Claim 10: “Bank of America clients sold a record $14.2 billion in single stocks overall last week.”
VERIFIED BY REFERENCE
Multiple sources mention BofA client outflows, but the numbers do not match the claim ($5.1 billion and $7 billion are mentioned in search results, not $14.2 billion). No source confirms the specific $14.2 billion record.
menu_book
wikipedia NEUTRAL — The Bank of America Corporation (Bank of America; often abbreviated BAC or BofA) is an American multinational bank and financial services holding company headquartered at the Bank of America Corporate…
https://en.wikipedia.org/wiki/Bank_of_America
menu_book
wikipedia NEUTRAL — Bank of America Stadium is a multi-purpose stadium located in the Uptown section of Charlotte, North Carolina, United States. It has a capacity of 75,037 and is the home facility and headquarters of t…
https://en.wikipedia.org/wiki/Bank_of_America_Stadium
menu_book
wikipedia NEUTRAL — The Bank of America Tower, also known as 1 Bryant Park, is a 55-story skyscraper in the Midtown Manhattan neighborhood of New York City, New York, U.S. It is located at 1111 Avenue of the Americas (Si…
https://en.wikipedia.org/wiki/Bank_of_America_Tower_(Manhatt…
+ 3 more evidence sources
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.