AI stocks took a hit not because companies are failing, but due to a massive margin unwind triggered by South Korean investors heavily leveraged into AI plays — including SK Hynix and Samsung. A hedge fund manager’s forced liquidation sparked a domino effect, but fundamentals remain strong. Alphabet’s cloud AI services surged 82% YoY, Micron’s valuation dropped amid record revenue growth, and Nebius Group, despite the crash, is poised for big gains with major deals like Meta’s — all signs of a market poised for recovery.

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