U.S. markets are closed on Sunday, so I pulled up last week’s numbers and went over them.
The Philadelphia Semiconductor Index rose 8.05% for the week. AMD gained 18.93%, Broadcom 18.16%, and Micron 12.80%. The Nasdaq was up 3.53%. NVDA was the only one down, falling 12.75%—that one stock wiped out a chunk of the entire sector’s gains.
On the same timeline, BTC fell from 75,844 last Friday to 68,314 this Friday, down 9.93% for the week. Today it’s at 64,309, already down 15.21% from last Friday.
Money is flowing back into chip stocks, while it’s flowing out of crypto. People used to say that when risk appetite picked up in U.S. stocks, crypto benefited too. This week was the complete opposite. I watched the Nasdaq for nothing.
Another story surfaced over the weekend: two major shareholders are urging Nvidia’s board to consider bringing Jensen Huang back. One CEO leaves, the stock drops 13% in a week. Crypto went through the same kind of narrative risk this week too—only no one was there to shout about it for us.
I haven’t changed my positions. I’m just not that keen on staying up late to watch U.S. stock futures anymore. $NVDA $BTC #英伟达 #Bitcoin
The Philadelphia Semiconductor Index rose 8.05% for the week. AMD gained 18.93%, Broadcom 18.16%, and Micron 12.80%. The Nasdaq was up 3.53%. NVDA was the only one down, falling 12.75%—that one stock wiped out a chunk of the entire sector’s gains.
On the same timeline, BTC fell from 75,844 last Friday to 68,314 this Friday, down 9.93% for the week. Today it’s at 64,309, already down 15.21% from last Friday.
Money is flowing back into chip stocks, while it’s flowing out of crypto. People used to say that when risk appetite picked up in U.S. stocks, crypto benefited too. This week was the complete opposite. I watched the Nasdaq for nothing.
Another story surfaced over the weekend: two major shareholders are urging Nvidia’s board to consider bringing Jensen Huang back. One CEO leaves, the stock drops 13% in a week. Crypto went through the same kind of narrative risk this week too—only no one was there to shout about it for us.
I haven’t changed my positions. I’m just not that keen on staying up late to watch U.S. stock futures anymore. $NVDA $BTC #英伟达 #Bitcoin
