Is the AI bubble starting to deflate? And pulling crypto down with it



Shares of the biggest chipmakers collapsed after news of a rise in China’s memory production and doubts about the real demand for AI infrastructure. Samsung, SK Hynix, Nvidia and other giants lost billions within a few hours📉

The market fears that the chip shortage will turn into overproduction, and that the endless growth in AI spending will prove to be an overly expensive fairy tale

Against this backdrop, Bitcoin fell again to $660M, with more than $660 million liquidated over the past 24 hours
$BTC
BTC1.77%
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VolatilityDancer
· 07-28 10:20
A semiconductor giant wiped out thousands of billions in a single day—looks like the market is really starting to doubt AI demand. Bitcoin is following suit and plunging too; the linkage this round is just too strong. The $63k level is putting support to the test.
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ZKRollupFan
· 07-28 09:13
Will the AI bubble burst? There’s a surplus of chips, and Bitcoin suffers along with it.
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