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Half off sounds like a deal. On Wall Street, it can be the start of a much bigger sale. Right now, Intel (INTC), Arm (ARM), Sandisk (SNDK), and CoreWeave (CRWV) are among the AI darlings trading at less than half their 2026 highs, and chip stocks just lost nearly 30% in five weeks. Stocks were edging higher early Monday, and most chip stocks were extending Friday's bounce. Nvidia (NVDA) was a notable exception, falling in premarket trading, while Intel was up modestly. Veteran trader Michael Martin isn't biting. "Lower prices mean lower market cap. It doesn't mean better value," said Martin, founder of TraderMindset.com, who works with Wall Street legend Victor "Trader Vic" Sperandeo.
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