#AI芯片成本海啸引美股暴跌 | When AI tech stocks fall sharply, the crypto market tends to follow. Is this linkage becoming tighter and tighter, or is it just short-term sentiment spillover? In such moments, would you add to your position or stay on the sidelines?

The linkage between AI stocks and crypto is becoming increasingly obvious. This is not a coincidence, but the inevitable result of both being “high-beta risk assets.” When liquidity dries up, both typically cut valuation first; when risk appetite rebounds, they surge together. Over the past two years, the correlation between BTC and the Nasdaq AI sector has risen from around 0.3 to 0.6-0.7. This isn’t short-term sentiment—it’s structural.

People who have lived through two major drawdowns in 2018 and 2022 know this: at times like this, the worst thing to do is “heroic value-buying.” A sharp sell-off in AI stocks is often accompanied by macro liquidity tightening or doubts about AI ROI. Since crypto is a more peripheral risk asset, its downside impact can be even greater. When institutions stop out on AI while retail investors panic-sell crypto, it creates a positive feedback loop.

My choice is to stay mostly on the sidelines. Wait for the AI sector to stabilize (for example, when supply-chain data from Micron and TSMC—such as other relevant players—confirm demand hasn’t collapsed), then see whether crypto can keep up, rather than adding to bet that crypto will be “independent” in the opposite direction. Of course, if a particular public chain or DeFi protocol has an independent catalyst, you can test with a small position. But relying purely on the linkage logic—“AI is down, so crypto should also be down”—to bottom-fish historically doesn’t have a high success rate.