10/23/2026
The AI rally as we knew it is over.
Up until the past couple of months, nearly every AI infrastructure stock was working. Now Broadcom, Lam Research, Applied Materials, Vertiv, GE Vernova, Corning, Coherent and more have broken below their 200-day moving averages with lower highs and lower lows.
Nvidia and the semiconductor index still look healthy, and that's the point: unlike the 2025 tariff tantrum, when everything fell together, the market is splitting winners from losers.
Corey Hinkle walks through the broken stocks, the ones hanging on (Johnson Controls, Sandisk, Intel), and why this change in character matters.
Are you buying the dip on any AI stocks?
The AI Rally Is Forever Changed0:00 – Intro1:06 – Market update:...