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.
Published Jun 23, 2026Updated Jun 23, 20262 min read
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.
