Borgeat frames the AI-chip drawdown as a forced hedge fund unwind rather than a verdict on AI demand. In 1998, that kind of deleveraging was followed by a violent melt-up.

It is 1998 all over again. This time it is not LTCM. It a whole bunch of HFs. Remember what happened thereafter? Yup… https://t.co/PVp7aK8mj0 https://t.co/ylYo1J2eIt [Quoted @ThierryBorgeat]: AI Semis Plummeted. The AI Boom Did Not. 19 Stocks to Consider. It is time to prepare accordingly. $SOXX Read here: https://t.co/t03hAR5hsr https://t.co/6J8nBRDyT2
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