AI Chips Decline 15% While Software Limits Losses: Joe Mazzola on Volatile Tech Moves

The pullback in the semiconductor space is approaching a 15% decline over the span of just a few trading sessions, says Joe Mazzola of Charles Schwab. He weighs the biggest question behind the selloff: will earnings from AI-centric companies justify the expensive buildout? Pockets of strength, particularly in software in companies like Microsoft (MSFT), gives Joe confidence investors aren't fully turning bearish on the trade.

Morning Trade Live

15 Oct 2026

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