Looking at the K-line charts of tech stocks like $Intel(INTC.US) and $Coherent Corp.(COHR.US) today, it's like they've fallen back to pre-liberation levels overnight. Especially AXT, which just got hit with a heavy blow; yesterday they were confidently shouting about doubling capacity, today they're teaching me a lesson. And to add insult to injury, $Wolfspeed(WOLF.US) and $Seagate Tech(STX.US) delivered the finishing touches. Feels like the entire semiconductor chain is starting to feel the chill in spring.

Those who chased AI and third-generation semiconductors before are now most likely caught in emotional turmoil, holding faith in one hand and stop-loss in the other, unable to cut losses or hold comfortably. This wave of valuation correction is really testing patience and "human resilience." Whoever can withstand it will be the one smiling next month.