Has the AI bull market ended? I don’t think so. Today, many investors panicked as the U.S. tech AI sector plunged en masse: $SOXL -20% $Marvell -24% $SNDK -14% $Rocket Lab -14% AI, semiconductors, and computing power stocks saw near-universal pullbacks. Many’s first reaction: Is the AI rally over? My view is the opposite. This looks more like a profit-taking correction in high-Beta tech stocks, not a sudden deterioration in fundamentals. The reason is simple: Over the past few months, the AI supply chain has surged dramatically, generating substantial gains for investors. When market sentiment weakens, the fastest-rising sectors naturally become the first targets for profit-taking. More importantly, the steepest declines were not in ordinary stocks but in leveraged ETFs like SOXL and KORU. Leveraged products amplify index volatility, making the drops appear far more severe than the underlying industry’s actual performance—this doesn’t mean the entire semiconductor sector is collapsing. What truly matters isn’t a single day’s plunge, but whether: ✅ NVIDIA holds its key support levels. ✅ The Nasdaq maintains its recent trading range. ✅ Capital expenditure expectations across the AI supply chain have changed. If these core fundamentals remain intact, today’s drop is more likely a healthy cleanup of short-term speculative positions than a trend reversal. The same logic applies to crypto markets. AI tech stocks and BTC/ETH are highly correlated in terms of risk appetite. If U.S. tech stocks stabilize after this correction, risk appetite could rebound—providing much-needed capital inflows to crypto. The real opportunities rarely emerge when everyone is chasing rallies, but rather when quality assets undergo healthy pullbacks and market sentiment begins to doubt. Patience is more valuable than chasing gains or panic-selling.