Whale Rock Capital Management Hedge Fund Loses 22% in July AI Selloff

Whale Rock Capital Management's flagship hedge fund suffered a significant 21.7% decline in July due to the AI market selloff, losing approximately half of its year-to-date gains. The fund has emerged as one of the biggest casualties of the recent artificial intelligence sector downturn. This sharp monthly loss highlights the vulnerability of investment strategies heavily concentrated in the booming AI sector.