Last night's semiconductor sector can only be described with the words "brutal." The Philadelphia Semiconductor Index directly took an 8% plunge, with Nvidia dropping 4% to become the most resilient, while Micron's side simply collapsed. The Korean market led the decline first, followed by the US stocks, and the AI sector's shakeout this time exceeded many people's expectations.

However, this correction seems more like a cleanup before the AI rally enters its second half. When prices rise too much, they must fall—that's an unchanging rule. Concerns over valuations and profit-taking are just excuses. The real focus is on Micron's Q3 earnings report tonight.
This Micron report will directly determine the semiconductor trend for the second half of the year. Can HBM demand support the current stock price? Are management's expectations for next year still aggressive? These are the core issues. Now that Micron's stock has fallen so sharply, it actually leaves room for post-earnings performance. As long as guidance isn't disappointing, this presents a ready-made "V-shaped" rebound opportunity.
Let's also talk about Google's inclusion in the Dow Jones Industrial Average. Next Monday, it will officially replace Verizon, which means the Dow's tech exposure has increased another level. Five out of the seven companies in the Mag 7 are already in the Dow, indicating that the big money also has to embrace the AI era. This will provide sustained passive buying support for Alphabet's stock price and is a rare recent stability booster for market sentiment.
Opportunities in the market always come from declines; the current panic is actually a test of individual stocks' resilience.
Do your own research, and I wish everyone good luck tonight.