Everyone Is Dumping AI... And The Anti-AI Trade Is Exploding

The great AI unwind

The AI selloff is turning into a full-blown positioning washout. Credit spreads are widening, hedge funds are aggressively cutting exposure, and Korean tech is facing relentless foreign selling.

Yet beneath the carnage, memory prices continue to rise, valuations are back near AI-cycle lows, and India is emerging as an unlikely winner.