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So What if AI Crashes?

Ross Givens
Ross GivensRoss Givens is a veteran trader with over 15 years of experi...
November 12, 2026|Updated November 13, 2026|3 min read
A dramatic split-screen visual showing a crashing wave or collapsing digital structure on one side, contrasted with a bright, upward-trending golden arrow or rising sun on the other side. In the foreground, scattered stock ticker symbols or glowing data points flow away from the chaos toward the light, symbolizing opportunity emerging from market turmoil. The overall color palette shifts from stormy blues and reds on the crash side to warm golds and greens on the opportunity side, instantly conv

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Hey, Ross here:

Yesterday I told you I’d look outside AI for the next breakout.

So today…

Let’s take a look at what happened the last time a tech bubble actually burst.

Chart of the Day

Number of S&P 500 stocks up or down at least 50% from the March 2000 peak through October 2002, with the gainers reaching 129 in April 2002.

Take every stock in the S&P 500 and start the clock at the dot-com peak.

Two years later, which group do you figure was bigger – the stocks up 50% or the stocks down 50%?

You’d figure more stocks got cut in half.

Turns out more of them gained 50%.

If all you remember is what happened to tech, that sounds crazy.

Now look at where those winners came from.

Share of S&P 500 stocks that rose during the dot-com crash by sector, and returns of technology and communication services versus the rest of the index.

Each bar tells you what share of the stocks in that sector went UP during the crash.

The average tech and communication services stock lost 69.4%.

But take those two groups out and the average stock in the rest of the index actually gained 2.8%.

That little 2.8% average hid some mighty big winners.

And that was with tech in a full-blown crash.

In other words, even if the AI trade completely crashes…

History tells us there are always opportunities elsewhere.

Of course, I’m not saying that AI trade is about to crash.

In fact, it looks like it could have just hit a near-term bottom.

Look at the chart below.

The SOX tracks semiconductor stocks. It fell more than 20% in six trading days.

Then it jumped more than 15% in just four.

Philadelphia Semiconductor Index chart showing sharp declines followed by rapid rebounds, with comparisons of the 2000, 2008 and 2026 signals.

That’s a major reversal.

And two of the three previous reversals this big came near major lows – in 2008 and 2020.

The other one? Right near the dot-com top.

So I wouldn’t bet the farm on which one we’re getting this time.

But after seeing those first two charts, why would you need to?

Insight of the Day

You can find the next winner without calling the top in the last one.

Say you got the biggest call of 2000 dead right. You sold your tech stocks at the top.

But what did that tell you about what to buy over the next two years?

Look how much money you could have left on the table by deciding the whole market was shot.

This is what gets lost in all the arguing over whether AI is a bubble.

A fund manager who sells chip stocks still has a portfolio to run.

If he likes what he sees in another industry, he can put that money to work tomorrow morning.

He doesn’t need the Nasdaq to get back to its highs first.

Neither do you.

Maybe the AI bulls get their rally.

Maybe the bears get to say they called the top.

I’m happy to let them fight that one out…

Because while they’re doing so, I’m hunting for the stocks the biggest buyers – the ones that actually move the market – are already bidding up elsewhere.

And tomorrow, Friday, November 13 at 11 a.m. Eastern…

I’m going LIVE to show you how I target these stocks…

Using a “big money” pattern that’s delivered wins like…

146% on NuScale Power in 53 days…

206% on Alpine Immune Sciences in 77 days…

And 87% on Nikola in just 24 hours.

I’ll show you what I’m seeing in this market – and how you can start targeting similar gains immediately.

So click right here to claim your free seat for tomorrow’s live broadcast…

And I’ll see you Friday at 11 a.m. ET sharp.

Customer Story of the Day

“I’m not someone that usually leaves reviews, however, if I could give more stars I absolutely would!

I am currently enrolled in two of their courses. I knew NOTHING about the stock market when I joined back in March after seeing Ross on The Cartier Family YouTube Channel.

Ross and Jean have rather quickly taught me how to navigate the market. They are so patient with ‘newbies’ like me and have eagerly answered my questions with demonstrations.

I would highly recommend this down to earth and knowledgeable team to anyone that is on the fence about joining. Just take the leap and watch your wallet grow!”

Embrace the surge,

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Ross Givens

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Ross Givens

Written by

Ross GivensChief Market Strategist

Ross Givens is a veteran trader with over 15 years of experience and a former VP at a major Wall Street investment bank. Specializing in small-cap stocks and momentum-driven plays, Ross identifies high-probability setups before they hit the mainstream. As Lead Strategist at Traders Agency, he has guided hundreds of successful trades and developed multiple flagship publications.

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