Are analysts comparing this selloff to the dot-com bubble?
One bearish analyst did — Forbes reported the comparison was made to "the June 2000 market, which presaged the bursting of the dot-com bubble." That view wasn't consensus: Morgan Stanley called the drop a "mid-cycle reset rather than a top," and Wedbush's Dan Ives said the AI buildout is still in early innings.
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The AI Chip Rally Just Lost $1.3 Trillion in a WeekSemiconductor stocks erased roughly $1.3 trillion in July 2026 as Intel fell 21% and a Meta cloud-capacity report shook AI infrastructure bulls.
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