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Institution: The sharp decline in tech stocks is not due to AI revaluation; the key is whether the giants' spending slows down.

MarsBitNews
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Mars Finance News, June 8 — Asian markets continued last week's brutal sell-off on Monday, with the Korea KOSPI index plunging over 8%, led primarily by the semiconductor sector. Lucerne Asset Management's investment chief, Mark Vilan, stated, "This wave of movement appears more like position and momentum strategy liquidations rather than a reassessment of the long-term artificial intelligence story. Korean tech stocks have been among the strongest performers globally for a long time, with highly concentrated market holdings. Therefore, when the interest rate expectations shifted after last week's non-farm payroll report, these stocks naturally became sources of liquidity. The key question now is whether the AI spending of mega-scale companies will slow down. At this stage, we haven't seen evidence of this." (Jin10)
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