Bitcoin Bounces Back as Semiconductor Stocks Cool Off

Investors have been favoring AI infrastructure and memory chip stocks over Bitcoin in 2026, but recently, semiconductor stocks have cooled off.

The VanEck Semiconductor ETF has fallen 12% while the Roundhill Memory ETF is down 25% from its June 22 peak. This decline comes as some investors are taking profits on AI stocks and shifting capital into assets that haven't grown as much yet.

Meanwhile, Bitcoin has shown signs of life with a roughly 5% gain in the last 7 days, closing in on $62,000. Other notable cryptocurrencies like Ethereum, Solana, XRP, Chainlink, and Stellar also recorded around 10% gains in the same period.