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AI & Enterprise

Jim Cramer says AI infrastructure stock surge nearing end, rotation into other sectors

Wall Street is taking profits in AI infrastructure beneficiaries that led markets in the first half and shifting money into stocks with growth drivers beyond data centre spending. Jim Cramer said this is not a halt to AI investment but a rotation into other sectors. He cited recent pullbacks in memory-related names after sharp gains. Software shares have attracted buying, and some consumer and defensive names are benefiting.

Crypto

Bitcoin bottom signal emerges as money rotates out of AI stocks

Bitcoin regained $61,000 as investors moved into bitcoin and gold after weak U.S. jobs data reduced expectations of a near-term Federal Reserve rate hike. U.S. nonfarm payrolls rose 57,000 in June, well below forecasts, and prior months were revised lower. Rate-hike odds for September fell, oil steadied below $70, and some AI-related semiconductor shares slid intraday. On-chain metrics cited by CryptoQuant suggested a possible cycle bottom.

AI & Enterprise

Nvidia too as U.S. AI, semiconductor stock rout sends global tech shares tumbling

U.S. semiconductor shares fell sharply, triggering profit-taking across global technology stocks that had led the AI-driven rally. The Philadelphia Semiconductor Index slid 7.9 percent, with Micron, SanDisk, AMD, Qualcomm and Nvidia all lower. Selling spread to South Korea and Europe, with Samsung Electronics and SK Hynix down about 12 percent and European chip and equipment names also falling. Some investors shifted into defensive stocks.