Memory and semiconductor stocks lose momentum, bitcoin rebounds in sign of changing investor focus

AI-linked memory and semiconductor stocks have started to lose momentum after leading markets in 2026, while bitcoin has rebounded from a near two-year low, according to CoinDesk. The Roundhill Memory ETF (DRAM) is down about 25% from its June 22 record high and the VanEck Semiconductor ETF (SMH) is off around 12%, after strong first-half gains. Bitcoin, which dipped below $58,000 on July 1, is back above $61,000. Bloomberg-reported plans for Meta Platforms’ Meta Compute unit to sell excess GPU capacity helped accelerate the selloff, hitting IREN, Cipher Digital and TerraWulf.