Analysis: As AI semiconductors cool and Bitcoin rebounds, risk assets may signal a rebalancing trend

According to Odaily, the AI storage and semiconductor sectors have recently experienced a notable cooling, while Bitcoin has rebounded from its local low to above $61,000, sparking discussions on whether capital is beginning to reallocate toward digital assets. Stocks such as SanDisk and Micron have seen a clear weakening in momentum recently, with the DRAM ETF down approximately 25% from its mid-June high and the SMH also dropping around 12%.Analysis indicates that the increasing crowding of AI trades, combined with pullbacks among leading stocks, is driving capital to rotate within risk assets. Although it remains difficult to determine whether a sustained style shift is forming, the concurrent cooling of the AI narrative and the rebound in Bitcoin suggest that the market may be initially showing signs of rebalancing within risk assets. (CoinDesk)