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The Trump administration is considering a new ​round of sweeping tariffs on semiconductors, Politico ‌reported on Thursday citing eight people familiar with discussions.

Even as Wall Street's broader conviction on artificial intelligence holds firm, short-term positioning fatigue is threatening to unwind the market's most lucrative trade. Chip stocks face a sharp near-term drawdown risk, driven less by any operational stumble than by overcrowded portfolio bets colliding with macroeconomic pressure.

AI and international equities featured prominently in last week's top stories, as did small caps. Other topics included in the top five were bonds and Fidelity's market outlook for the rest of the year.

Direxion Daily Semiconductor Bull 3X Shares (NYSE:SOXL) experienced a significant Power Inflow alert, a key bullish indicator that is closely tracked by traders who value order flow analytics, specifically institutional and retail order flow data.

Franklin Equity portfolio manager Jonathan Curtis breaks down why he believes the semiconductor selloff doesn't signal a downturn, with AI demand remaining strong, chip supply still constrained and hyperscaler spending continuing to support the trade.