Analysis: AI semiconductor cooling coupled with Bitcoin rebound signals potential risk asset rebalancing

Odaily reported that the AI storage and semiconductor sector has recently shown a significant cooling trend, while Bitcoin has rebounded from its local low to above $61,000, sparking discussions on whether capital is beginning to reallocate towards digital assets. The momentum of stocks like SanDisk and Micron has notably weakened recently. The DRAM ETF has fallen about 25% from its mid-June high, and SMH has also dropped approximately 12%.

Analysis points out that the increasing crowding of AI trades, coupled with pullbacks in some leading stocks, is driving capital to rotate among risk assets internally. Although it remains difficult to determine whether a sustainable style shift is forming, the concurrent emergence of a cooling AI narrative and a Bitcoin rebound is preliminarily signaling signs of rebalancing within the risk asset space. (CoinDesk)