Rout in AI/Chip Sector - Broad Rotation Underneath
I have been "beathing the dead horse" about SOX topping - it likely rolled over today
A sharp selloff in semiconductors (led by memory chip weakness in South Korea) spilled over into U.S. markets. KOSPI was down 10%
The Nasdaq fell 3% and chips 7% dragging the S&P 500 lower while the Dow and broader market showed relative resilience.
