Retail traders are selling AI and chip winners as SpaceX’s IPO nears, adding fresh pressure to tech stocks after a major run.

Software is sliding, China is selling off and Apollo and KKR are flashing warnings. AI bubble fears are spreading just as SpaceX preps a record IPO.

Retail investors are selling AI and semiconductor stocks to buy SpaceX shares ahead of a potential $75 billion IPO targeting a $2 trillion valuation.