The First Crack In The AI Mania?
First crack?
The world's most crowded AI trade just suffered one of its largest down days of the year. KOSPI has become ground zero for the global AI mania, and history suggests that when Korea starts wobbling, the rest of the AI complex often pays attention. The uptrend remains intact for now, but markets rarely move in a straight line when positioning becomes this extreme. The question is not whether AI remains a powerful long-term theme. The question is whether expectations have simply moved too far, too fast. Several key charts suggest investors may be approaching an important test.