🚨 THE GLOBAL AI BUBBLE MAY BE STARTING TO BREAK. Over $2.2 TRILLION has already been wiped out from global stock markets today. This is not a normal selloff anymore. This is starting to look like the first real unwinding of the AI mania that has been carrying global markets for the last two years. South Korea’s KOSPI crashed 10% today, triggering another circuit breaker as AI and semiconductor stocks completely collapsed. Samsung and SK Hynix both crashed more than 12%. And the reason behind it shocked markets. Reports started circulating that SK Hynix may slow expansion of advanced AI memory chip production and shift focus toward lower cost commodity chips instead. For one of the most important companies behind the entire AI infrastructure boom, markets interpreted this as a massive warning sign: AI demand expectations may have become way too aggressive. Then panic turned into chaos. South Korean lawmakers proposed taxing unrealized stock gains and real estate gains. Meaning investors could potentially get taxed on profits they never even sold. That instantly triggered fear across one of the most retail-leveraged stock markets in the world. And once the selling started, leverage completely accelerated the collapse. Now the contagion is spreading globally. Over $1.4 TRILLION was wiped out from US stocks alone today as S&P500 dumped -1.5% at market open. But DOW JONES recovered instantly. That divergence matters. Because it shows this is not a broad economic collapse yet. This is concentrated panic specifically inside AI, semiconductors, and high-valuation tech stocks. The exact trade that has been driving global markets higher. JPMorgan has also warned that up to $165 billion of forced institutional equity selling could still hit markets from quarter end pension and sovereign fund rebalancing. And there are growing fears that the yen carry trade may finally be starting to unwind after violent USD/JPY moves near intervention levels. That is one of the most dangerous setups for global markets. Because when the carry trade unwinds, investors are forced to dump multiple assets at the same time to reduce leverage. Which is exactly what markets are doing right now. Stocks down. Gold down. Silver down. Everything is being sold together. And for the first time in a long time, the AI trade suddenly looks vulnerable.(Crypto Rover)