SemiAnalysis President Doug O'Laughlin on why Korean chip stocks are tanking: "What has gone up at an almost exponential rate is going down a little bit. It's still the second-best year in semiconductor history for stocks. This rise since the first MOU in April has been historic, so it's not crazy to see the unwind, but we're seeing a lot of leverage unwind, specifically in the Kospi." "There was that picture of a guy with a vest, this 2X SK Hynix ETF. The Korean degens are Korean degens.…