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Update
What changedLater trading sharpened the market move. Decrypt reports that NVIDIA fell as much as 3%, Intel more than 5%, AMD about 6% and Marvell as much as 7.5%, while the Philadelphia Semiconductor Index dropped almost 6%.
Crypto moved the other way: Bitcoin reportedly climbed nearly 2% from midnight UTC to $78,280, with Ethereum, XRP and the wider crypto market also rising. Decrypt points to renewed hopes for US crypto legislation as one possible tailwind.
The contrast is eye-catching, but it is not a clean experiment. AI-pacing arguments, geopolitics, interest-rate expectations and legislation were all jostling for investors’ attention. The useful signal is narrower: debate over frontier-AI development is now capable of moving the infrastructure trade, at least for a session.
Sources and evidence- Decrypt: Decrypt reports that NVIDIA fell as much as 3%, Intel more than 5%, AMD about 6%, Marvell as much as 7.5%, and the Philadelphia Semiconductor Index almost 6% during Monday trading.
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