Bitcoin rebounds from a two-year low, while the momentum of storage and semiconductor stocks cools down
By: www.chaincatcher.com|2026/07/03 11:42:09
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In 2026, Sandisk rose over 530% cumulatively, and Micron rose over 230% cumulatively, reflecting the market's demand for companies benefiting from the growth in AI demand in the first half of the year.
Subsequently, the Roundhill Memory ETF (DRAM) fell 25% from its peak in June, and the VanEck Semiconductor ETF (SMH) dropped about 12%. After reports that Meta was advancing the sale of excess GPU capacity, AI infrastructure stocks and computing service providers were sold off, and Bitcoin rebounded from a two-year low.
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