Paradigm shifts vs bubbles: AI chips and bitcoin show powerful trends can still produce severe corrections

60-second summary

Paradigm shifts in AI chips and bitcoin are driving powerful trends, but these narratives are rapidly becoming speculative excess, leading to severe corrections. Explosive rallies in semiconductors, metals, and bitcoin are testing investors' resolve, as the lines between structural change and speculative fervor blur. Market participants are scrambling to reassess their positions amidst the chaos.