The biggest loser in the AI sector pullback has suffered losses of up to $8.5 million, with a whale previously holding a long position worth $90 million.

According to Hyperinsight monitoring, dragged down by Apple’s sharp decline that weighed on large-cap tech stocks, plus U.S. PCE inflation staying high and market interest rate cut expectations cooling further, funds took profits from the overheated AI sector, leading to an overall pullback in U.S. AI industry chain stocks overnight. A whale address (0x3200) on Hyperliquid has been steadily building positions in AI-related stocks over the past month, sequentially entering positions in NVDA, MSFT, MU, SKHX, GOOGL, META, BABA, and MRVL, with its total position size once hitting $89.7 million. Hit by this round of correction, its current total unrealized loss has expanded to $8.5 million, including an additional $3.47 million in unrealized loss in the past 24 hours. NVDA (average entry price: $212) and MSFT (average entry price: $407) are the top loss contributors, with their unrealized losses exceeding the principal of their respective positions. The address today closed out all long positions in SKHX and MU, locking in a small profit, and its current portfolio position size has fallen to $72.7 million.