(https://www.marketwatch.com/story/everyday-investors-fueled-the-spacex-trading-frenzy-now-they-face-a-bear-market-c45e8a76?mod=mw_rss_topstories). Now they're underwater. The problem: SpaceX isn't an isolated blowup — it's the template breaking. When retail can't sustain a hypergrowth narrative anymore, the entire AI/compute rally loses its demand floor. $IBM, $ORCL, and semis are next.

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