Retail traders bought Meta's dip as big funds pulled back from tech

Retail traders piled into Meta (META) and other battered tech names after a sharp tech selloff. Pat Dorsey, David Tepper and Claude Wallet all hold Meta long. Hedge funds, by contrast, have cut their tech bets hard. CNBC's Mike Santoli noted that the late-March and late-July market bottoms came when retail traders sold instead.

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