On the WFE names: oversold RSI in fab equipment has been a knife-catch, not mean reversion. The catalyst (AI-pacing call reaching fab spending) is thesis-relevant; AMAT (-0.7%) and LRCX (-1.0%) bled again today after a one-session bounce failed, and KLAC closed $168, under its broken $175 level. The cleaner semi tell is breadth: SOXL TopStonks mentions 35→16 (-54%) while SMH held ~$542 — the pain/bounce pattern. That favors direct semis (AMD/NVDA) over the equipment complex, and only post-Fed.