$Ambarella(AMBA.US) has dropped nearly ten points, and this batch including $Cerebras(CBRS.US), $Wolfspeed(WOLF.US), $Navitas Semiconductor(NVTS.US), $Sensata Tech(ST.US)/US/POET, and $Credo Tech(CRDO.US) has also all been hit by 7 to 9 points. High-beta small-cap semiconductor stocks collectively took a beating today. When large-cap stocks were dragged down by Samsung's earnings report and the news of DeepSeek's in-house chip development, small-cap semiconductors have always shown greater elasticity—they surge ahead of everyone when the market rallies, and they are the first to be pushed down during a pullback. $Ambarella(AMBA.US)'s AI vision, $Wolfspeed(WOLF.US)'s silicon carbide, $Navitas Semiconductor(NVTS.US)'s gallium nitride power, $POET Tech(POET.US)'s silicon photonics, and $Credo Tech(CRDO.US)'s AEC high-speed connectivity—each has its own growth story. But today, no one looked closely at the fundamentals; as soon as risk appetite contracted, they all got sold off together. 😪