THE AI TRADE IS ON SALE, 24 STOCKS DOWN AN AVERAGE OF 39.6%
The AI selloff has spread across the entire ecosystem, from data-center infrastructure and semiconductors to software, cloud computing and space technology.
All 24 stocks below are trading below their all-time highs.
📉 THE BIGGEST DRAWDOWNS
🔴 $Ouster Inc.(OUST)$ : $32.14 | -80.2%
🔴 $AST SpaceMobile, Inc.(ASTS)$ : $42.30 | -68.2%
🔴 $IREN Ltd(IREN)$ : $26.25 | -65.6%
🔴 $Applied Optoelectronics(AAOI)$ : $79.19 | -64.5%
🔴 $APPLIED DIGITAL CORP(APLD)$ : $19.41 | -61.7%
🔴 $IONQ Inc.(IONQ)$ : $31.72 | -61.4%
🔴 $Rocket Lab USA, Inc.(RKLB)$ : $58.60 | -61.0%
🔴 $Oracle(ORCL)$ : $144.54 | -56.0%
💻 SEMICONDUCTORS & AI INFRASTRUCTURE
🔴 $ARM Holdings(ARM)$ : $228.77 | -47.9%
🔴 $Western Digital(WDC)$ : $395.52 | -47.0%
🔴 $SanDisk Corp.(SNDK)$ : $1,330.30 | -43.0%
🔴 $NEBIUS(NBIS)$ : $171.99 | -40.0%
🔴 $Intel(INTC)$ : $92.08 | -34.7%
🔴 $Bloom Energy Corp(BE)$ : $228.08 | -34.1%
🔴 $Marvell Technology(MRVL)$ : $218.34 | -31.0%
🔴 $Broadcom(AVGO)$ : $351.81 | -26.9%
🔴 $Micron Technology(MU)$ : $983.23 | -19.0%
🔴 $Lumentum(LITE)$ : $919.53 | -18.8%
🔴 $Advanced Micro Devices(AMD)$ : $566.42 | -12.8%
🔴 $NVIDIA(NVDA)$ : $213.72 | -10.7%
🧠 SOFTWARE & BIG TECH
🔴 $ServiceNow(NOW)$ : $150.13 | -35.9%
🔴 $Meta Platforms, Inc.(META)$ : $624.52 | -20.9%
🔴 $Palantir Technologies Inc.(PLTR)$ : $196.44 | -6.0%
🔴 $Microsoft(MSFT)$ : $530.14 | -2.4%
⚠️ A 40% drawdown doesn't automatically make a stock cheap.
The key questions are whether earnings expectations have reset, whether AI demand remains intact, how much future growth is already priced in, and which companies can turn AI spending into sustainable cash flow.
The AI trade is repricing. The next question is which businesses can justify their valuations.
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The key questions are whether earnings expectations have reset, whether AI demand remains intact, how much future growth is already priced in, and which companies can turn AI spending into sustainable cash flow.
NVIDIA (NVDA)
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is more prone to larger, self-reinforcing intraday swings , rather than a calm, mean-reverting range. This is a volatility regime signal—not a standalone bearish forecast.
NVDA was at $204.64 in the latest snapshot, 3.42% below the $211.88 zero-gamma level. Net gamma exposure for the nearest weekly expiry, 2026-11-02 , was negative at -35.46m .
In a negative-gamma regime, dealer hedging can amplify the prevailing move: weakness may prompt additional selling hedges, while a rally may require buying hedges. The practical implication is fatter tails in both directions and a greater chance that momentum persists once key strikes break.
The nearest positioning landmarks are the $205 put wall and $210 call wall . With spot near $205, a sustained move beneath that strike could coincide with less stable downside price action; conversely, a recovery toward—and especially above—$211.88 would reduce the negative-gamma effe
以下 24 只股票的交易价格均低于历史高点。
All 24 stocks below are trading below their all-time highs.
那一刻迫使我直面一个至关重要的问题：在交易中，我们最大的敌人有时并非市场，而是我们自己。
Nice