People wonder why certain stocks are falling when at the same type these stocks that are falling are funneling hundreds of billions into hardware manufacturers, I think people are right and the market agrees, MAG7 getting blasted is a confirmation of that, MU and others have to go up despite of a bubble since this is where all the money is going but it's musical chairs so it will eventually collapse.
We have seen in last months dozens of "indicators" comparing to 2000 and 2008 so don't be surprised if your favorite MAG7 stock will decline by over 50%.