Dangerous in the most crowded trade: Chips

https://www.zerohedge.com/markets/oracle-openai-scrap-texas-data-center-expansion-plan-sending-ai-stocks-lower

Long chips short softwares is the most crowded trade. And it is un-winding. We saw a few days of short covering in softwares. And weakness in chips might get a lot worse in the coming days.