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David Sacks: The Chip Stock Crash is Based on Momentum, NOT Fundamentals
All-In Podcast· 2026-08-01 04:16
That is the key question here. Is this correction in the markets. Is it driven by fundamentals or is it driven by momentum. I think it's driven by momentum.Meaning that over the past year, you've had this roughly 10x runup in memory chip stocks. And you've seen this overall huge rise in any stock that's related to the AI boom. And I think it was inevitable that you'd see a pullback. I think there was something like a 10% pullback in the NASDAQ from the peak.But when you look at this momentum trade, it was d ...