Since the beginningBC beginning of the year, an obsession with artificial intelligence has driven IT company stocks to record highs. Chip manufacturers emerged as the primary winners due to massive demand for semiconductors used in data centers. However, the trend has shifted over the last month, with these same stocks becoming some of the biggest losers. On Tuesday, the Nasdaq 100 technology index briefly entered a market correction. This decline signals a cooling period after a period of rapid growth. Investors appear to be re-evaluating the aggressive valuations of AI-driven companies. The market is now adjusting to a more sustainable pace of growth. Overall, the initial euphoria is being replaced by a more cautious trading sentiment.