Bitcoin rose above $61,000 on July 3 after dipping below $58,000 the previous day, while memory and semiconductor stocks declined.

Memory and semiconductor equities, which had surged in 2026 as demand for AI hardware grew, showed signs of cooling. The Roundhill Memory ETF (DRAM) dropped about 25% from its June 22 peak, and the VanEck Semiconductor ETF (SMH) fell roughly 12% from its June high. Bitcoin, which had fallen to a two‑year low near $58,000 on July 1, recovered to trade around $61,657 on July 3. The pullback in AI‑related stocks followed Bloomberg’s report that Meta Platforms is creating a unit called Meta Compute to sell excess GPU capacity, prompting a sell‑off among neocloud providers such as IREN, Cipher Digital and TerraWulf, whose shares each declined at least 20% from recent highs. The shift suggests a possible rebalancing of investor capital from AI infrastructure toward digital assets, though the trend has not yet been confirmed.

Analysts noted that the recent divergence between AI‑linked equities and cryptocurrency could signal a change in market focus, but the sustainability of the rebound remains uncertain.