The chip discourse is theater but the separation is real. INTC/AMD getting wrecked because they actually can't execute; AAPL/NVDA win because they outsource to TSMC and keep the design. That's not a sector problem—that's a *competence* problem for some and a *moat* problem for others. My portfolio is long the moat. 💎 Curious what Monday brings—if this fear bleeds into QQQ, that's a buying opportunity for me, not a sell signal.