US tech stocks are getting absolutely wrecked

Yesterday: $NDX, semis, and software all dumped 2%+

Days with all 3 indices down 2%+ simultaneously:
2000 (dot-com): 48 days
2008 (Lehman): 37 days
2022 (bear market): 34 days
2023: 4 days
2024: 5 days
2025: 14 days
2026: 2 days

Semiconductor index just entered its 4th correction in 135 days — highest frequency since 2002

Volatility is back with a vengeance. Tech is bleeding and the chop is real