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Deep & Emerging Tech·July 17, 2026·1 min read

Chips Stocks Tumble Into Bear Market as 105% AI Rally Fizzles

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A 105% run-up followed by a bear-market drawdown in semis is a reminder that public AI infra exposure is now a trading product, not a clean proxy for real demand. If you’re planning hardware-heavy AI roadmaps, decouple your strategy from the tape—use this volatility to negotiate supply, pricing, and long-term commitments while others are de-risking.