Deep Tide TechFlow message: On July 22, Fundstrat co-founder Tom Lee said that the relative performance of assets related to “AI downstream” continues to strengthen. Among them, Ethereum’s outperformance versus the storage chip sector expanded over the past month to 7,200 basis points, or 72 percentage points. In the same period, Ethereum rose 24%, while the storage chip ETF fell 38%.

ETH-0.12%
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