The article argues that the recent selloff in speculative AI names is a full-blown panic, not a healthy rotation, and the sharp decline in Korea's KOSPI index (down 30%) illustrates the severity. This suggests broad risk-off sentiment in AI-exposed markets, with no immediate resilience expected from sector rotation.
•Over the last few days, the selloff in speculative AI-related names has escalated into a full-blown panic.
•The KOSPI index has dropped 30%, indicating severe pressure on Korean stocks tied to the AI complex.