Tom Lee attributes chip stock sell-off to SpaceX IPO positioning

A Good Idea? Retail Traders Are Selling Micron, Qualcomm, Broadcom To Rotate Into The Space X IPO

Retail traders dump chip stocks (Micron -4.7%, QCOM -6.9%, Broadcom -5.1%) for SpaceX's record $75B IPO with 30% retail allocation. Rotation from productive semiconductors to speculative growth signals retail disconnect from AI infrastructure demand.