📊 #BITDailyChart# | As AI Mania Bypasses Crypto, NEAR-USDT Emerges as a Correlated Proxy Some crypto traders are frustrated that digital assets have lagged the AI trade's bullish momentum, which has instead concentrated in DRAM names, energy plays, and broad-based vehicles like Korea's EWY ETF. Yet select crypto tokens haven't been left out entirely. NEAR-USDT has shown a high correlation to the AI trade, both on the way up and the way down. Near Protocol markets itself heavily as an "AI + blockchain" play built around AI agents and data infrastructure, so its price often tracks AI-narrative sentiment rather than its own protocol fundamentals. As crypto keeps merging with TradFi, traders have growing options to express dominant macro themes. Disclaimer: This content is provided by a contracted analyst for informational purposes only and does not constitute investment advice. Investing involves risk. #BIT# #Crypto# #AITrade# #NEAR# #KOSPI# #TradFi#

AI has turned $SMH into the most popular semiconductor ETF in the world. VanEck veteran Nick Frasse is the man behind the $70 billion fund. We sat down to unpack the high-conviction stocks that make up the AI economy, how to bet on bottlenecks, and his favorite opportunities in the AI trade right now. This is one of the best conversations you will hear from someone who knows semiconductor investing extremely well. TIMESTAMPS: 0:00 - SMH and semiconductor demand 1:16 - Bear case for chips 5:27 - Semis collaborate, not compete 10:16 - Are semis still cyclical? 13:53 - SMHX and fabless chipmakers 15:32 - Asset-light vs. asset-heavy 16:59 - AI buildout bottlenecks 19:49 - Data centers, robotics, and space 21:25 - Grid-to-rack supply chain 22:51 - Financing the AI buildout 24:41 - Is AI killing software? 27:44 - Hyperscalers turning asset-heavy 29:21 - Robotics 30:52 - @vaneck_us

AI trade under pressure: Goldman’s pair trade of long AI Winners vs. short AI-at-Risk stocks plunged 10%, its worst day since the DeepSeek shock in Jan 2025. The trigger: debate over slowing the pace of AI development; a reminder of how crowded the AI consensus has become.

AI STOCKS FACE PRESSURE AS TECH LEADERS CALL FOR SLOWDOWN AI-linked stocks could face near-term selling pressure after Anthropic CEO Dario Amodei called for slowing development of the most advanced AI models, with OpenAI’s Sam Altman and xAI’s Elon Musk backing the proposal. Investors say the longer-term AI trade remains intact, as demand for chips, power and computing infrastructure continues to outstrip supply, while slower model development could give companies more time to monetize existing investments.

AI trade rd 2 with market structure breaks in $MU $SNDK and $BE Crypto in a vulnerable place too as BTC is under the 50W MA Be mentally prepared if AI stocks begin to suck liq out of crypto (Not saying this is happening yet but it's worth monitoring)

AI and software stocks are now rising together. The 1-month correlation between AI-related stocks and software stocks has risen +0.70 over the last month, to +0.15, marking its largest monthly increase since July 2025. By comparison, the 1-month correlation was as low as -0.56 in July 2026, as investors increasingly viewed AI as a threat to traditional software businesses. As a result, hedge fund exposure to software and services stocks declined -5 percentage points over the 12 months ending July, to just ~1% of total global hedge fund market exposure, near its lowest level on record. The recent increase in correlation comes as some software firms previously viewed as vulnerable to AI are actually finding ways to use the technology to strengthen their existing businesses, improve productivity, and defend their competitive advantages. Meanwhile, the US software ETF, $IGV, is up +39% since its April low, recovering most of its drawdown that began in October 2025. The AI trade may be shifting from disruption to adaptation.

AI stocks are increasingly moving in the opposite direction of the rest of the market: The 40-day correlation between the US Broad AI Index and the S&P 500 ex-AI Index is down to -0.60, the lowest on record. The correlation has now been negative since late-June, marking only the 2nd negative reading on record after July 2024. This also marks a sharp reversal from the +0.65 positive correlation seen in mid-May. In other words, AI stocks are increasingly diverging from the broader market, suggesting capital is rotating between AI and non-AI stocks. This comes after the US AI Index surged +160% since April 2025, significantly outperforming the S&P 500 ex-AI Index, which gained ~35%. The AI trade is becoming increasingly independent of the broader market.

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