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Silicon Valley spent $100 billion convincing Wall Street that whoever stockpiled the most Nvidia GPUs would win. Then a small Chinese lab trained an open-source model for less than $6 million, and $600 billion was wiped off U.S. tech stocks in a single day. Nobody believed it when the head-and-shoulders top broke down. The sharpest wicks came in the early morning, when liquidity was thinnest. The candlesticks had already told the story. If you disagree, tell us why.

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