Well, what a week.
Or rather, what a month.
As recently as late June, AI stocks were in full blown “bubble” mode.
And then in the span of 1 month – big name AI stocks like SK Hynix and Sandisk fell more than 50%.
And this week we had news that Leopold Aschenbrenner’s Situational Awareness AI fund was fully liquidated and bought out by Citadel.
Which sparked a massive 20% rally in many AI stocks on the day.
All while the US-Iran war is back in full swing, and Oil price has soared 30% in a month.
So… with all that is going on.
How would I invest $1 million in today’s climate?
AI stocks crash 58% in 1 month
Let’s start with the charts.
Former high flying poster boy Sandisk is down 58% in 1 month:
Meanwhile Korea’s SK Hynix is down 54% over the past month.
Now you’ve probably heard about those Korean retail investors who borrowed money to invest in leveraged SK Hynix ETFs....