August 18 post-analysis: Has AI trading run out of steam? Today’s market feels especially convoluted. The energy sector is still carrying the weight—refining names are moving steadily, but there’s no real breakout momentum. The DRAM space has real pressure; the sector quickly dropped back below the 50-day moving average. The memory chips as a whole look weak, and it feels a bit precarious. Optical communications is even more uncomfortable: it originally tried to break upward, but failed. $AXTI plunged today by 16.8%, leading the decline and dragging down sentiment—this kind of price action really hurts morale. Software and cybersecurity, on the other hand, held up—names like IGV didn’t drop much—but the overall market mood is too weak. Even “holding” didn’t inspire much confidence. The two server leaders also didn’t do much; it was sluggish, neither hot nor cold. My biggest takeaway today is that the divergence in AI trading is extremely clear: funds are withdrawing from the hardware side, and especially with price action like $AXTI —it basically signals that the near-term trend has turned bad. Whether it can repair later depends on whether the whole sector has new catalysts. For now, risk seems greater than opportunity, so don’t rush to bottom-fish—wait for sentiment to stabilize first.