Your Favorite AI Stock Is Down 26%. Here’s Why It’s Not a Buying Opportunity
AI hype is at an all-time high, yet the stocks of the companies building the hardware are crashing 26% in a month. This isn’t a temporary dip—it’s a structural shift. The market is pricing in the commoditization of AI hardware, where massive capex traps incumbents in a cycle of diminishing margins. The real winners will be in the data and application layers, not the foundries.