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Could this be a sign of a mental health condition?","psychiatrists",{"categoryName":627,"questionText":628,"landingSeoUrl":629},"Occupational Medicine","My job involves repetitive movements, and I'm experiencing wrist pain. What are some preventative measures and treatment options?","occupational-medicine","You can then choose to continue the exchange and get a complete and detailed answer.","is answering it accurately and carefully.","Loading questions...","Popular questions","Unable to close the question. Please try again.","Continue the discussion and access unlimited questions","Your question is in good hands.","is answering it","Unable to process your question. Please try again.","Estimated time before preview publication: a few minutes.","The question has been closed successfully.","Your information is treated confidentially.","You will also have the opportunity to clarify certain elements or add a document to refine the answer if necessary.",{"error":129,"title":441,"minChars":644,"seoTitle":441,"emailSent":444,"minDigits":645,"emailLabel":365,"backToLogin":646,"description":647,"submitButton":443,"updateButton":648,"seoDescription":441,"updatingButton":442,"passwordUpdated":649,"emailPlaceholder":650,"errorDescription":651,"newPasswordLabel":652,"newPasswordTitle":653,"passwordMismatch":654,"submitButtonLoading":442,"confirmPasswordLabel":655,"emailSentDescription":446,"resetErrorDescription":656,"newPasswordPlaceholder":657,"confirmPasswordPlaceholder":658,"passwordUpdatedDescription":659},"Password must contain at least 8 characters","Password must contain at least 2 digits","Back to login","Enter your email address","Update password","Password updated","your email","Unable to send reset email. 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The AI Chip Rout That Erased $1 Trillion","A semiconductor shockwave that originated in South Korea triggered a sharp U.S. market selloff on June 23, 2026, erasing over $1 trillion in technology market value. The Nasdaq Composite fell 2.21% to","A semiconductor shockwave that originated in South Korea triggered a sharp U.S. market selloff on June 23, 2026, erasing over $1 trillion in technology market value. The Nasdaq Composite fell 2.21% to 25,598 and the S&P 500 slid 1.54% to 7,358 in morning trading, as global investors fled AI-linked chip stocks in unison.\n\n## What Happened Overnight\n\nThe selloff began in Asia, where South Korea's benchmark Kospi index dropped nearly 10% — severe enough to trigger automatic trading halts twice in a single session. Memory-chip giants SK Hynix and Samsung Electronics each plunged more than 12%, while Japanese chipmaker Kioxia tumbled over 15%. The carnage spread westward, with Europe's Stoxx 600 Technology index falling 3% before U.S. markets opened.\n\nThe immediate trigger: growing doubts about whether AI infrastructure spending can continue at its current pace. After 18 months of an AI-driven bull market, investors are asking whether the rally's underlying assumptions still hold — and chip stocks, as the backbone of AI computing, are the first to absorb any change in sentiment.\n\n## Three Forces Driving the Decline\n\n**Semiconductor stocks led the fall**\n\nMemory chips sit at the heart of AI infrastructure. Every large language model and every data center GPU cluster requires enormous quantities of DRAM and NAND flash storage. When investors question AI spending trajectories, chip stocks get hit first and hardest.\n\nIn U.S. trading on June 23, Micron Technology fell 11%, Sandisk dropped 12%, and Qualcomm declined nearly 7%. Intel shares shed 6.7%. These are not marginal moves — they represent tens of billions of dollars in lost market capitalization in a single session.\n\nAccording to analysts cited by TheStreet, concerns centered on \"the rising cost of AI infrastructure and potential Federal Reserve rate hikes, stalling the recent AI-driven rally.\"\n\n**Big Tech cracked under AI pressure**\n\nThe selloff extended well beyond pure chip companies. Alphabet fell 5% after reports of key AI researcher departures, raising concerns about competitive positioning in the generative AI race. Tesla dropped 4.18% and Nvidia lost 2.75%. The recently public SpaceX fell 16%, dropping below its $150 IPO price amid scrutiny of its $20 billion bond sale to fund AI infrastructure projects.\n\nOver the 48-hour period through June 23, the technology sector shed more than $1 trillion in market capitalization globally.\n\n**The Federal Reserve is increasingly hawkish**\n\nTraders are now pricing in nearly a 90% probability of at least one Federal Reserve rate hike before the end of 2026. New Fed Chair Kevin Warsh signaled at last week's FOMC meeting that the central bank was not prepared to offer forward guidance — a posture that sharply increases uncertainty for high-growth technology stocks whose valuations depend on low discount rates.\n\nHigher interest rates reduce the present value of future earnings. Since AI stocks are priced largely on distant profit projections, they are disproportionately sensitive to any shift in rate expectations.\n\n## What This Means for Everyday Investors\n\nMarket declines of this magnitude can feel alarming, particularly when they arrive suddenly and are driven by complex global forces. But seasoned wealth managers emphasize that context matters enormously.\n\nFor investors with genuinely diversified portfolios — holding a mix of equities, bonds, and alternative assets — a single-day tech selloff, even a severe one, may not require immediate action. Panic selling during a drawdown locks in losses and typically causes investors to miss the subsequent recovery.\n\nHowever, if your portfolio was heavily concentrated in semiconductor or AI-adjacent stocks over the past 18 months of the rally, today's moves warrant a closer look at your risk exposure. The U.S. Securities and Exchange Commission advises investors to evaluate whether their portfolio risk matches their actual financial timeline and tolerance before making changes in response to market volatility. Its investor education resources are available at [investor.gov](https:\u002F\u002Fwww.investor.gov).\n\n## When to Call a Wealth Manager\n\nFinancial advisors point to four specific situations where today's selloff justifies a professional conversation:\n\n- **Portfolio concentration risk**: If tech stocks represent more than 30% of your holdings, a structural review may be prudent.\n- **Upcoming liquidity needs**: If you need cash within 12 to 18 months, a drawdown in equity positions could force you to sell at a loss.\n- **Proximity to retirement**: Investors within five years of retirement typically reduce equity exposure — but the right allocation is always individual.\n- **Decision-making under stress**: Making financial decisions under emotional pressure consistently underperforms structured, plan-based approaches.\n\nA qualified wealth manager can run a portfolio stress test, model different interest rate scenarios, and help you understand whether your current allocation reflects your long-term goals or a bull-market mindset from a different environment. [ExpertZoom's wealth management specialists](https:\u002F\u002Fexpert-zoom.com\u002Fus\u002Fnews\u002Fstock-futures-market-volatility-april-2026-wealth-management) can help you distinguish short-term noise from a structural change in your financial picture.\n\n## Is This a Correction or the Start of Something Bigger?\n\nHistorically, a market correction is defined as a decline of 10% or more from a recent high. The S&P 500 remains well above its 2025 lows, and many analysts characterize today's selloff as a repricing of AI premium valuations rather than a sign of fundamental economic deterioration.\n\nThat said, the combination of rate hike risk, AI spending skepticism, and global semiconductor weakness creates a more challenging environment than most of 2026 has presented. The S&P 500's run to record highs earlier this year carried tech valuations — particularly in semiconductors and AI infrastructure — to levels that left little room for disappointment.\n\nFor context, the S&P 500's CAPE ratio (cyclically adjusted price-to-earnings) was trading well above its historical average entering June 2026, a level previously seen only during the late-1990s dot-com bubble and the post-pandemic liquidity surge. Whether today's decline becomes a prolonged correction depends heavily on whether the Fed follows through on rate hikes and whether AI capital spending from the hyperscalers — Alphabet, Microsoft, Amazon, and Meta — continues at its current pace through the second half of the year.\n\n## Four Steps to Take Right Now\n\nFinancial professionals consistently recommend the same foundational steps during volatile markets:\n\n1. **Stop checking hourly**: Short-term price moves are noise, not signal. Reviewing your portfolio during a selloff typically produces worse decisions, not better ones.\n2. **Review your asset allocation**: Does it match your actual risk tolerance and time horizon, or was it built for a bull market that may have run its course?\n3. **Check your cash buffer**: Maintaining six to twelve months of expenses in liquid savings protects you from being forced to sell equities at a loss.\n4. **Rebalance if appropriate**: If today's selloff has shifted your equity-bond ratio meaningfully, a rebalance may be an opportunity rather than a crisis.\n\nIf you are uncertain about any of these steps, ExpertZoom connects you with certified wealth managers and financial planners who can assess your specific situation — not generic reassurance, but guidance tailored to your portfolio, goals, and time horizon.\n\n*Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Consult a qualified financial advisor before making any investment decisions.*\n","https:\u002F\u002Fpub-bdebbd2dad294475a2da0eb657815b6b.r2.dev\u002Fhero\u002Fc4fc748e641d-3aa399.webp","Financial advisor reviewing declining stock market charts on multiple trading monitors during June 2026 AI chip selloff",null,"https:\u002F\u002Fpub-bdebbd2dad294475a2da0eb657815b6b.r2.dev\u002Faudio\u002Fnews\u002Fcmqqsjbol029frhjsl2foy3j7-3aa42c.mp3","2026-06-23T15:20:13.887Z",5,"PUBLISHED","en-US","us","en","cmkzhdb1200056hqb4ponjko0","c78219da-8a48-48c7-8f74-8b2fc33deefd","AI Chip Rout: Why Markets Are Down Today | Expert Zoom","The Nasdaq fell 2.21% and S&P 500 dropped 1.54% on June 23, 2026 as AI chip stocks collapsed globally. Find out when to consult a wealth manager.","why is the stock market down today 2026","why is the market down today","US","c4fc748e641d","9cc87197-5408-43dc-9de5-d740868a64f4",183,0,"NEUTRAL","URL is unknown to Google","2026-06-23T15:30:51.724Z",2.85,"needs_improvement",1.8,"good","2026-06-30T15:43:38.930Z","2026-06-23T15:20:02.276Z","2026-06-23T15:20:02.277Z","2026-07-04T04:18:08.869Z",{"id":837,"name":599,"slug":601,"parentId":829},{"id":838,"first_name":861,"name":862,"slug":863,"specialty":864,"picture":865,"region":866},"Michael","Campbell","michael-campbell","Wealth Advisor","expertPics\u002Fwealth-managers\u002Fwealth-managers-expert-1775244750520.webp",{"code":834,"country":867},{"code":843,"name":868},"Etats-Unis","\u003Cp>A semiconductor shockwave that originated in South Korea triggered a sharp U.S. market selloff on June 23, 2026, erasing over $1 trillion in technology market value. The Nasdaq Composite fell 2.21% to 25,598 and the S&amp;P 500 slid 1.54% to 7,358 in morning trading, as global investors fled AI-linked chip stocks in unison.\u003C\u002Fp>\n\u003Ch2 id=\"what-happened-overnight\">What Happened Overnight\u003C\u002Fh2>\n\u003Cp>The selloff began in Asia, where South Korea&#39;s benchmark Kospi index dropped nearly 10% — severe enough to trigger automatic trading halts twice in a single session. Memory-chip giants SK Hynix and Samsung Electronics each plunged more than 12%, while Japanese chipmaker Kioxia tumbled over 15%. The carnage spread westward, with Europe&#39;s Stoxx 600 Technology index falling 3% before U.S. markets opened.\u003C\u002Fp>\n\u003Cp>The immediate trigger: growing doubts about whether AI infrastructure spending can continue at its current pace. After 18 months of an AI-driven bull market, investors are asking whether the rally&#39;s underlying assumptions still hold — and chip stocks, as the backbone of AI computing, are the first to absorb any change in sentiment.\u003C\u002Fp>\n\u003Ch2 id=\"three-forces-driving-the-decline\">Three Forces Driving the Decline\u003C\u002Fh2>\n\u003Cp>\u003Cstrong>Semiconductor stocks led the fall\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cp>Memory chips sit at the heart of AI infrastructure. Every large language model and every data center GPU cluster requires enormous quantities of DRAM and NAND flash storage. When investors question AI spending trajectories, chip stocks get hit first and hardest.\u003C\u002Fp>\n\u003Cp>In U.S. trading on June 23, Micron Technology fell 11%, Sandisk dropped 12%, and Qualcomm declined nearly 7%. Intel shares shed 6.7%. These are not marginal moves — they represent tens of billions of dollars in lost market capitalization in a single session.\u003C\u002Fp>\n\u003Cp>According to analysts cited by TheStreet, concerns centered on &quot;the rising cost of AI infrastructure and potential Federal Reserve rate hikes, stalling the recent AI-driven rally.&quot;\u003C\u002Fp>\n\u003Cp>\u003Cstrong>Big Tech cracked under AI pressure\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cp>The selloff extended well beyond pure chip companies. Alphabet fell 5% after reports of key AI researcher departures, raising concerns about competitive positioning in the generative AI race. Tesla dropped 4.18% and Nvidia lost 2.75%. The recently public SpaceX fell 16%, dropping below its $150 IPO price amid scrutiny of its $20 billion bond sale to fund AI infrastructure projects.\u003C\u002Fp>\n\u003Cp>Over the 48-hour period through June 23, the technology sector shed more than $1 trillion in market capitalization globally.\u003C\u002Fp>\n\u003Cp>\u003Cstrong>The Federal Reserve is increasingly hawkish\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cp>Traders are now pricing in nearly a 90% probability of at least one Federal Reserve rate hike before the end of 2026. New Fed Chair Kevin Warsh signaled at last week&#39;s FOMC meeting that the central bank was not prepared to offer forward guidance — a posture that sharply increases uncertainty for high-growth technology stocks whose valuations depend on low discount rates.\u003C\u002Fp>\n\u003Cp>Higher interest rates reduce the present value of future earnings. Since AI stocks are priced largely on distant profit projections, they are disproportionately sensitive to any shift in rate expectations.\u003C\u002Fp>\n\u003Ch2 id=\"what-this-means-for-everyday-investors\">What This Means for Everyday Investors\u003C\u002Fh2>\n\u003Cp>Market declines of this magnitude can feel alarming, particularly when they arrive suddenly and are driven by complex global forces. But seasoned wealth managers emphasize that context matters enormously.\u003C\u002Fp>\n\u003Cp>For investors with genuinely diversified portfolios — holding a mix of equities, bonds, and alternative assets — a single-day tech selloff, even a severe one, may not require immediate action. Panic selling during a drawdown locks in losses and typically causes investors to miss the subsequent recovery.\u003C\u002Fp>\n\u003Cp>However, if your portfolio was heavily concentrated in semiconductor or AI-adjacent stocks over the past 18 months of the rally, today&#39;s moves warrant a closer look at your risk exposure. The U.S. Securities and Exchange Commission advises investors to evaluate whether their portfolio risk matches their actual financial timeline and tolerance before making changes in response to market volatility. Its investor education resources are available at \u003Ca href=\"https:\u002F\u002Fwww.investor.gov\">investor.gov\u003C\u002Fa>.\u003C\u002Fp>\n\u003Ch2 id=\"when-to-call-a-wealth-manager\">When to Call a Wealth Manager\u003C\u002Fh2>\n\u003Cp>Financial advisors point to four specific situations where today&#39;s selloff justifies a professional conversation:\u003C\u002Fp>\n\u003Cul>\n\u003Cli>\u003Cstrong>Portfolio concentration risk\u003C\u002Fstrong>: If tech stocks represent more than 30% of your holdings, a structural review may be prudent.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Upcoming liquidity needs\u003C\u002Fstrong>: If you need cash within 12 to 18 months, a drawdown in equity positions could force you to sell at a loss.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Proximity to retirement\u003C\u002Fstrong>: Investors within five years of retirement typically reduce equity exposure — but the right allocation is always individual.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Decision-making under stress\u003C\u002Fstrong>: Making financial decisions under emotional pressure consistently underperforms structured, plan-based approaches.\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>A qualified wealth manager can run a portfolio stress test, model different interest rate scenarios, and help you understand whether your current allocation reflects your long-term goals or a bull-market mindset from a different environment. \u003Ca href=\"https:\u002F\u002Fexpert-zoom.com\u002Fus\u002Fnews\u002Fstock-futures-market-volatility-april-2026-wealth-management\">ExpertZoom&#39;s wealth management specialists\u003C\u002Fa> can help you distinguish short-term noise from a structural change in your financial picture.\u003C\u002Fp>\n\u003Ch2 id=\"is-this-a-correction-or-the-start-of-something-bigger\">Is This a Correction or the Start of Something Bigger?\u003C\u002Fh2>\n\u003Cp>Historically, a market correction is defined as a decline of 10% or more from a recent high. The S&amp;P 500 remains well above its 2025 lows, and many analysts characterize today&#39;s selloff as a repricing of AI premium valuations rather than a sign of fundamental economic deterioration.\u003C\u002Fp>\n\u003Cp>That said, the combination of rate hike risk, AI spending skepticism, and global semiconductor weakness creates a more challenging environment than most of 2026 has presented. The S&amp;P 500&#39;s run to record highs earlier this year carried tech valuations — particularly in semiconductors and AI infrastructure — to levels that left little room for disappointment.\u003C\u002Fp>\n\u003Cp>For context, the S&amp;P 500&#39;s CAPE ratio (cyclically adjusted price-to-earnings) was trading well above its historical average entering June 2026, a level previously seen only during the late-1990s dot-com bubble and the post-pandemic liquidity surge. Whether today&#39;s decline becomes a prolonged correction depends heavily on whether the Fed follows through on rate hikes and whether AI capital spending from the hyperscalers — Alphabet, Microsoft, Amazon, and Meta — continues at its current pace through the second half of the year.\u003C\u002Fp>\n\u003Ch2 id=\"four-steps-to-take-right-now\">Four Steps to Take Right Now\u003C\u002Fh2>\n\u003Cp>Financial professionals consistently recommend the same foundational steps during volatile markets:\u003C\u002Fp>\n\u003Col>\n\u003Cli>\u003Cstrong>Stop checking hourly\u003C\u002Fstrong>: Short-term price moves are noise, not signal. Reviewing your portfolio during a selloff typically produces worse decisions, not better ones.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Review your asset allocation\u003C\u002Fstrong>: Does it match your actual risk tolerance and time horizon, or was it built for a bull market that may have run its course?\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Check your cash buffer\u003C\u002Fstrong>: Maintaining six to twelve months of expenses in liquid savings protects you from being forced to sell equities at a loss.\u003C\u002Fli>\n\u003Cli>\u003Cstrong>Rebalance if appropriate\u003C\u002Fstrong>: If today&#39;s selloff has shifted your equity-bond ratio meaningfully, a rebalance may be an opportunity rather than a crisis.\u003C\u002Fli>\n\u003C\u002Fol>\n\u003Cp>If you are uncertain about any of these steps, ExpertZoom connects you with certified wealth managers and financial planners who can assess your specific situation — not generic reassurance, but guidance tailored to your portfolio, goals, and time horizon.\u003C\u002Fp>\n\u003Cp>\u003Cem>Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Consult a qualified financial advisor before making any investment decisions.\u003C\u002Fem>\u003C\u002Fp>\n",{},[]]