AI Chip Stocks Slide Into Bear Market as Geopolitics, Rotation Hit Risk Assets

AI chip stocks slid into a bear market as geopolitical tensions, including U.S.-Iran escalation, and sector rotation hit risk assets. The selloff revived debate on whether the AI buildout is losing steam or repricing a crowded trade. Markets reacted to expanded airstrikes and threats to energy corridors, unraveling ceasefire expectations.