US technology and AI-related stocks remain roughly 10% below their recent peak after the Nasdaq-100 reached a record high in early October, although trading has shown initial signs of stabilization in recent sessions. Investors are assessing four gauges—technology positioning, stock correlation, options demand and technical charts—to determine whether the selloff has ended. Reduced technology exposure and contained correlation are supportive, options data are mixed and technical measures remain cautious. Deutsche Bank data show investors cut technology exposure since late September, pushing positioning below the April 2025 "Liberation Day" lows. A modest rise in expected stock correlation suggests the decline remains concentrated in technology rather than reflecting a broad economic downturn. Retail call buying in AI stocks fell sharply last week, while one-month normalized put-call skew remained near the middle of its 13-year range. Fundstrat's Mark Newton said the Invesco QQQ ETF's rebound stalled below its late-October downtrend, with bearish short-term trends, weak momentum and no DeMark exhaustion pointing to possible volatility for another couple of weeks. The selloff followed concerns about AI infrastructure spending and returns, possible project delays and slower capital-spending growth at hyperscalers, as well as a strong showing by Democrats in the US midterm elections. Anthropic's initial public offering in the coming days will provide another test of confidence in the AI boom.