Buy the Dip or Run for the Exit? Navigating the Great Tech Recalibration: Structural Shift or Market Bubble? The past month has delivered a brutal reality check across global equity markets. Investors who spent the early part of the year riding the artificial intelligence narrative are now staring at a sea of red. Macro headwinds, shifting capital allocations, and valuation fatigue have triggered a steep sell-off across key indices. South Korea’s KOSPI Index fell 43.9%, the ChiNext(399006) dropped 27.9%, and while the NASDAQ(.IXIC) declined by a comparatively modest 10.2%, individual semiconductor and high-growth technology tickers suffered disproportionate losses. Semiconductor giants like Micron Technology$美光科技(MU)$ plummeted 41.2%, Sa