Tech Sell-Off: This All-Star Artificial Intelligence Stock Is Down 50% but Up 127,300% Since Its IPO. Here's Why It's a Screaming Buy Heading Into the Midterms.

The four-month sell-off in artificial intelligence (AI) chip stocks has been severe.

Since June 30, the iShares Semiconductor ETF (NASDAQ: SOXX) has been down over 25%, with many components down much more.

Recently, one of the biggest winners of the AI boom sold off severely after its recent earnings report.