AI stocks face valuation pressure; chip stocks fall for eight straight sessions
- The Philadelphia Semiconductor Index closed lower for an eighth consecutive trading day, its longest losing streak since 2008. CoreWeave fell 12% in a single day, while its bond yields briefly topped 15% this week.
- The VIX climbed above 22 intraday for the first time in four months. Brent settled near $110, while WTI rose 3.8% to $101.71, marking its seventh straight gain.
The AI computing-power narrative is facing questions about returns on capital expenditure in U.S. stocks, while the crypto AI sector is also deflating. Computing-power-related concepts are under the greatest short-term pressure to fall further, as safe-haven funds flow back in. If BTC holds above the previous high-volume trading zone, it could see the strongest rebound once risk appetite recovers; if it breaks below, watch the next support level.
Are you adding to or trimming your positions during this pullback in AI-themed coins?
$TAO $BTC $ETH
- The Philadelphia Semiconductor Index closed lower for an eighth consecutive trading day, its longest losing streak since 2008. CoreWeave fell 12% in a single day, while its bond yields briefly topped 15% this week.
- The VIX climbed above 22 intraday for the first time in four months. Brent settled near $110, while WTI rose 3.8% to $101.71, marking its seventh straight gain.
The AI computing-power narrative is facing questions about returns on capital expenditure in U.S. stocks, while the crypto AI sector is also deflating. Computing-power-related concepts are under the greatest short-term pressure to fall further, as safe-haven funds flow back in. If BTC holds above the previous high-volume trading zone, it could see the strongest rebound once risk appetite recovers; if it breaks below, watch the next support level.
Are you adding to or trimming your positions during this pullback in AI-themed coins?
$TAO $BTC $ETH