Computing-power stocks are taking a collective nosedive, while crypto AI is still talking tough
At Monday’s U.S. market close, optical communications took the first hit: CIEN fell 9.95%, LITE dropped 9.78%, with AAOI, COHR, and CRDO lined up behind them. Storage stocks slipped too, with Micron down 3.88% and Seagate down 3.80%. Neocloud names NBIS, CRWV, and IREN all turned red, while semiconductors—from ARM to AMD—were flat on their backs. The earnings reports from the shovel sellers aren’t even out yet, but their stock prices have already written the story for them.
One sharp take: Wall Street’s data centers are cooling off, while the on-chain AI narrative is still burning firewood. The wallets holding the bag at these highs probably belong to a bunch of retail traders chanting “decentralized computing revolution.”
A question: How far down are your AI positions this time around? Are you averaging down or cutting your losses and switching to spot? Drop your cost basis in the comments—I want to see whose liquidation line is closest.
$BTC $TAO $RENDER
At Monday’s U.S. market close, optical communications took the first hit: CIEN fell 9.95%, LITE dropped 9.78%, with AAOI, COHR, and CRDO lined up behind them. Storage stocks slipped too, with Micron down 3.88% and Seagate down 3.80%. Neocloud names NBIS, CRWV, and IREN all turned red, while semiconductors—from ARM to AMD—were flat on their backs. The earnings reports from the shovel sellers aren’t even out yet, but their stock prices have already written the story for them.
One sharp take: Wall Street’s data centers are cooling off, while the on-chain AI narrative is still burning firewood. The wallets holding the bag at these highs probably belong to a bunch of retail traders chanting “decentralized computing revolution.”
A question: How far down are your AI positions this time around? Are you averaging down or cutting your losses and switching to spot? Drop your cost basis in the comments—I want to see whose liquidation line is closest.
$BTC $TAO $RENDER