AI stocks crack just as rate-hike pressure fades — crypto rotation is on
Bitcoin reclaimed $61,000 and altcoins like Solana jumped as weak jobs data cooled rate-hike fears — the same catalyst that is pushing investors out of semiconductor stocks. With chips under pressure and rate fears easing, money appears to be rotating from AI stocks back into crypto.
Idea
Two forces are converging on crypto at once. First, Fed Chair Warsh's less hawkish tone — reinforced by a dramatically weak jobs report — removed the primary overhang hanging over Bitcoin all quarter. Second, semiconductor and memory stocks just got hit hard (SanDisk down 11%, Micron down 4%) on supply-glut fears, breaking the AI momentum that had been sucking capital away from digital assets. We're already seeing the rotation begin: Solana is up 16% on the week, and Bitcoin held firm above $61,000. When the dominant equity sector (AI/chips) stumbles while macro headwinds (rate hikes) clear, crypto tends to absorb the rotating capital quickly.