AI hardware stocks opened higher as the computing-power narrative warmed up
- The Nasdaq rose 0.9%, with MRVL up 6.24% and SNDK up 6.67%. Optical-module makers COHR and LITE gained 2.97% and 3.59%, respectively, while storage stocks WDC and MU rose 4.57% and 3.92%. Gains were concentrated in hardware.
- The Dow edged down 0.05%, as investors picked individual stocks rather than buying broadly. On-chain AI tokens saw no corresponding surge in volume, and subnet incentives and rendering-compute rental data failed to keep pace with stock prices.
In the short term, AI stocks are more likely to follow the rally than lead it. Unless they hold above their previous highs, rallies in the AI sector are likely to fade. Would you dare chase AI coins here, or wait for BTC to make the first move?
$TAO $RENDER $BTC
- The Nasdaq rose 0.9%, with MRVL up 6.24% and SNDK up 6.67%. Optical-module makers COHR and LITE gained 2.97% and 3.59%, respectively, while storage stocks WDC and MU rose 4.57% and 3.92%. Gains were concentrated in hardware.
- The Dow edged down 0.05%, as investors picked individual stocks rather than buying broadly. On-chain AI tokens saw no corresponding surge in volume, and subnet incentives and rendering-compute rental data failed to keep pace with stock prices.
In the short term, AI stocks are more likely to follow the rally than lead it. Unless they hold above their previous highs, rallies in the AI sector are likely to fade. Would you dare chase AI coins here, or wait for BTC to make the first move?
$TAO $RENDER $BTC