Hedge funds are shifting away from technology stocks, particularly semiconductor and chip equipment, following robust gains in Q1 2024, according to a report by CNBC citing data from Goldman Sachs’ prime brokerage.  Goldman’s data revealed that chip stocks now represent 4.3% of overall net exposure in its prime book, a decrease from a five-year high of 5.8% at the start of June.  This sell-off in tech stocks coincided with a sector-wide retreat, led by chipmaker Nvidia.  Nvidia dropped about 6.7% on Monday, adding to last week's 4% decline, which ended an eight-week winning streak.  Last week, Nvidia briefly surpassed Microsoft as the most valuable company in the US.  As hedge funds offloaded tech stocks, they were simultaneously rotating into financial stocks for the second consecutive week, doing so at the fastest pace since December, according to Goldman Sachs.  The S&P financial sector has risen 10.5% this year, still underperforming the S&P 500, which has gained over 14% year-to-date.