The David Lin Report · Monday, July 13, 2026
Sam Rahman notes a significant selloff in tech stocks, particularly semiconductors, on July 2nd, with the Nasdaq down 1.5%. He suggests this could be an unwind of AI-related positioning, with money moving into sectors like healthcare, consumer staples, and financials. This rotation is partly attributed to a three-day weekend and concerns about Meta's strategy shift.
“On the other side of it, the beneficiaries are are everything that is not not AI. So, healthcare stocks are up, consumer staple stocks are up, financial stocks are up. So basically, money's moving out of tech, uh, to everything else.”
“I mean, it's not helping that you have a three-day weekend ahead of you.”
“So, positioning wise, a lot of people were very overweight semiconductors and related stocks really to the AI theme. I think the last couple of days, you're starting to see that unwind and it's kind of accelerating today.”