Woofun AI reports that Chinese AI startup Moonshadow achieved an unexpected technological breakthrough, triggering a sharp global sell-off in AI and semiconductor stocks on Friday. This event recalls the "DeepSeek Moment" of 2025, with the semiconductor benchmark index falling approximately 20% from its June high into bear market territory. During the same period, the triple leveraged semiconductor ETF SOXL dropped by over 50%.

Bloomberg data indicates that leveraged ETFs account for about 13% of U.S. ETF trading volume but only 1.2% of industry assets. Despite their limited scale, these products are concentrated in AI chips and volatile stocks. The Korean market recently demonstrated this risk, where retail investors holding leveraged products linked to Samsung Electronics and SK Hynix faced forced sell-offs worth billions of dollars as sentiment weakened.