WS #16604
Intel's catastrophic earnings warning has triggered a sector-wide liquidation, dragging the semiconductor index down over 5% and pushing the Nasdaq toward bearish technical breakdowns. The selloff is broadening beyond Intel to include Alphabet, which fell 13% on AI monetization fears, and is seeing institutional hedging via large bearish put blocks in the SOXL. This represents a decisive shift from the previous 'AI rally' narrative to a 'valuation reset' thesis.
Tech Selloff and Intel Collapse
Intel's catastrophic earnings warning has triggered a sector-wide liquidation, dragging the semiconductor index down over 5% and pushing the Nasdaq toward bearish technical breakdowns. The selloff is broadening beyond Intel to include Alphabet, which fell 13% on AI monetization fears, and is seeing institutional hedging via large bearish put blocks in the SOXL. This represents a decisive shift from the previous 'AI rally' narrative to a 'valuation reset' thesis.