Are U.S. tech stocks in freefall across the board?

I’ve seen a lot of folks on the forum who bought Sandisk, Micron, and KORU feeling anxious, so here’s how I see it.

Trump lost the midterm elections,
and the Democrats regained control of both chambers of Congress.

So Trump’s allies will naturally cash out and leave.
They hold large amounts of AI, chip, and computing-power stocks.

The Democrats are all old-timers, holding gold and old-school tech stocks like Apple, Microsoft, and Amazon.

This shows that as power changes hands, capital is choosing a new direction.
The future is still bright; the pain is temporary.

This is just my personal take—happy to discuss.