I'm not trying to be pompous but being able to read sentiment and act subjectively according to what technicals suggest can literally give you an edge in how to interpret what the market wants to do

A month ago I mentioned that I expected a -30 to 50% correction across some of leading performers in semis, AI, memory but that it'd be a healthy correction in a longer-term secular uptrend
Now when you should entertain the idea of potentially positioning yourself again or doing some DCA on these positions, we are getting BS narratives that the market is going to raise rates, that maybe there's an oversupply of compute, or there isn't enough demand for all the AI capex spend, blah blah
We've been in a pretty euphoric market. Pullbacks and cosolidations are part of the game. Yes, the market may overreact and sell some of the higher beta names to more extremes depending on the narrative they want to use to justify the pullback but these are all tactics you should be able to see right through
Institutions do NOT want you to be positioned in this market.