Woofun AI notes that analyst degentrading identifies the recent market volatility as one of the most severe selloffs for strong stocks since the Internet bubble, with an aggregate decline of approximately 24%. While the Nasdaq 100 fell 1.6% and the S&P 500 saw minor losses, sector rotation proved intense, evidenced by Apple’s counter-trend gain of 4.64% amidst semiconductor weakness.

The analyst expects most hedge funds to have exited or reduced long positions in these assets. Despite the orderly morning closing auction, attention is directed toward SK Hynix and Samsung Electronics during the South Korean session, following SanDisk’s 14% plunge. Degentrading maintains their position despite significant individual risk exposure.