I don’t think this AI selloff is the market suddenly deciding AI is fake. Tbh, it looks more like the most crowded trade on earth finally getting stress tested
SOX is already in technical bear market territory, and the weird part is that good news stopped working
Cooler CPI? Sold, Strong ASML and TSMC demand? Also sold **why?**
Late July feels important. If semis stop making new lows and mega cap earnings can explain AI spending as real revenue growth, we might get a bounce
Not calling a bottom. Just watching for the moment good news stops getting punished
Summer reset, or first real crack in the AI trade?
So what do you think？