# Semiconductor Sell-Off: Buy the Dip or Stay Away? | Joe Besecker & Rhys Williams Debate AI's Next Move

Page: https://stenobird.com/podcast/the-weekly-money-clip-6866050/semiconductor-sell-off-buy-the-dip-or-stay-away-joe-besecker-rhys-williams-debate-ai-s-next-move
Text version: https://stenobird.com/podcast/the-weekly-money-clip-6866050/semiconductor-sell-off-buy-the-dip-or-stay-away-joe-besecker-rhys-williams-debate-ai-s-next-move.md
Podcast: [Biz Talk Today TV](https://stenobird.com/podcast/the-weekly-money-clip-6866050)
Published: 2026-07-17T20:41:00+00:00
Episode link: https://traffic.megaphone.fm/FPMN7657367675.mp3
Audio file: https://traffic.megaphone.fm/FPMN7657367675.mp3
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Duration seconds: 2238

## Resource

Has Wall Street overreacted to the semiconductor sell-off, or is there more downside ahead? On this episode of Wayve Wire, host Todd M. Schoenberger is joined by Joe Besecker, CEO of Wayve Capital, and Rhys Williams, CIO of Wayve Capital, for a spirited debate over one of the market's biggest questions: Is now the time to buy AI and semiconductor stocks, or should investors wait for an even deeper correction? While Rhys argues the recent weakness is driven more by sentiment than deteriorating fundamentals—drawing comparisons to historic technology pullbacks—Joe believes investors should remain patient as leverage unwinds and market volatility continues. The discussion also explores South Korea's dramatic market turmoil, where Samsung and SK Hynix dominate the KOSPI, triggering widespread margin calls among leveraged retail investors. Could similar risks be quietly building inside U.S. markets? Plus, the panel examines rising crude oil prices, geopolitical risks in the Middle East, the outlook for energy infrastructure investments, and why diversification may matter more than ever during earnings season. • Is the semiconductor correction creating a buying opportunity? • AI investment outlook and the next phase of the chip cycle • Why Joe Besecker remains cautious on semiconductor timing • Rhys Williams' case for gradually adding AI exposure • South Korea's margin call crisis and lessons for U.S. investors • Robinhood, leverage and retail investor risk • Oil prices, the Strait of Hormuz and energy market outlook • MLPs, life sciences and alternative investment opportunities • How earnings season could reshape market leadership Whether you're investing in AI, semiconductors, energy, or simply trying to navigate today's volatile markets, this episode delivers valuable insi…

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## Transcript

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