Investors rotate out of Magnificent 7, crypto into AI bottlenecks
2026-06-18 11:39:20
Investors are rotating out of the Magnificent 7 and crypto and into AI “bottleneck” plays such as semiconductors, memory stocks, real estate and space-related opportunities, according to CoinDesk. Microsoft is down 33% from recent highs and Meta 28%, while Tesla, Amazon, Nvidia and Alphabet are more than 10% below; Apple is down 7%. Bitcoin has slid about 50% from its October all-time high. Sandisk is up roughly 800% this year, the Global X Artificial Intelligence & Technology ETF (DRAM) about 140%, Micron 230% and VanEck Semiconductor ETF (SMH) 67%.
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