AI insiders had already cashed out $7.4 billion before stocks crashed
Insiders at nine US AI companies reportedly sold about $7.39 billion of stock from May through October, near peak prices. The PHLX Semiconductor index is down 32% from its October high, and US stocks lost $3.2 trillion in one session with the Nasdaq 100 falling 6.4%. The broad risk-off move spilled into crypto, so traders should watch correlation with tech stocks.