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AI & Enterprise

Software and cloud seen poised for second-half rebound after lagging AI megacaps

Software, cloud and small- and mid-cap growth shares that were overshadowed by AI megacaps in the first half could rebound over the next six months, a strategist said. ETF Action co-founder Mike Akins urged increasing exposure to segments that lagged major AI names, citing eased valuation pressure and resilient growth outlooks. He also highlighted disruptive-technology themes, potential catch-up in the Magnificent Seven and improving relative performance in smaller-cap indexes.

Crypto

Bitcoin slips to $58,000 as AI, chip stocks correct; bottom not yet confirmed

Bitcoin fell below $60,000 and slid toward its 200-week moving average, trading around $58,000 after dipping to $59,300. Market maker Wintermute linked the drop more to corrections in large-cap AI and semiconductor stocks than to broad risk aversion. Ethereum fell 7.9 percent to about $1,580. Volatility rose in equities, while macro data and a stronger dollar added pressure. Wintermute said sentiment and ETF outflows still do not confirm a bottom.

Crypto

SharpLink resumes ETH accumulation after 8 months, adds 5,000 at annual low

Ethereum treasury firm SharpLink resumed purchases after eight months, receiving 5,000 ETH worth about $7.85 million from prime broker FalconX as ether slid to $1,537, its lowest level this year. On-chain data showed its last receipt via FalconX was on Oct. 26 last year. SharpLink holds about 876,285 ETH and ETH-converted assets. Rival BitMine holds 5.67 million ETH after adding 52,203 last week.