#cryptocurrency is one of the worst-performing major industries over the last 6 months.
While AI, semiconductors, computer hardware, and electronic components are all up sharply, the Coinbase Top 300 crypto basket is down 28%.
Performance over the last 6 months:
Computer peripherals: +160%
Semiconductors: +142%
Electronic production equipment: +132%
Electronic components: +130%
Broadcasting: +93%
Aluminum: +68%
Computer processing hardware: +67%
Electrical products: +63%
Trucking: +57%
Meanwhile, crypto: -28%.
The leaders are clear: AI infrastructure, semiconductors, hardware, and electronics.
Crypto is lagging almost everything.
๐จ $NVDA looks like the leader of a dying cycle.
No new highs. No follow-through. Capital fleeing into newer, hotter narratives โ classic late bull market rotation. Price action gives less time for constructive due diligence. Investors hunting the next theme. I'd be very careful.
๐จ hyperliquid:native BREAKOUT!
Very impulsive breakout on high volume. Promising project, I'm still holding my long position and plan to stay in the trade until I see clear signs of weakness or a deterioration in price action.
$CBRS โ brand new IPO, listed May 14. Revenue up 174% over the last 3 years, ran to $386 with a ~$84B market cap on listing day.
Waiting for it to get cheaper. P/S and net margins look awful right now.
Watch the volume, usually a good sign for the lows.
Still in play.
$BTC is doing what it's supposed to do. Check previous accumulations. Have you ever seen a 1D wick be the absolute low? I guess you wonโt find it.
Chip strength and rotation building: breadth expanding into small caps, transports, biotechs, and regionals while AI concentration eases. Energy lagging on softer crude.
Crypto side getting hammered despite the โrisk-onโ tape.
โข $BTC sliding toward the low 70Kโ73K zone.
โข ETF outflows accelerating: -$1.5B last week (biggest since Feb), BTC-led at -$1.3B. Two-week total nearing -$2.6B.
Still long on hyperliquid:native.
Truly incredible.
Micron stock, $MU, is now up another +6% in overnight trading, adding another +$60 billion in market cap in hours.
Just 12 months ago, the entire stock was worth less than $70 billion.
Including the gain during regular trading hours, Micron has now added +$220 BILLION today.
This makes Micron the 12th largest public company in the world.
Sorry for all crypto bros thinking volatility is exclusively in the crypto world. Bull markets everywhere. Semiconductors are one of the hottest themes this month. $MRVL / $COHR / $MXL